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Safaricom Ethiopia moves ‘from startup to scale’ with breakeven in touching distance
Joe Purnell2026-05-11T19:33:00
Source: Safaricom
Ethiopian operator is entering its scale-up phase, with rapid revenue growth, losses falling, and investment slowing to put EBITDA breakeven within sights…
This article includes:
- Themes: Capital expenditure (capex); Market expansion; Mobile network rollout; Revenue diversification; Scale-up strategy; Telecommunications growth; EBITDA breakeven.
- Events: Safaricom and Vodacom full-year earnings calls, FY25–26.
- People: Adil Khawaja; Dilip Pal; Peter Ndegwa; Shameel Joosub; Wim Vanhelleputte.
- Geographic: Ethiopia.
- Organisations: British International Investment (BII); International Finance Corporation (IFC); Safaricom; Sumitomo; Vodacom.
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