Vodafonewatch

Safaricom Ethiopia moves ‘from startup to scale’ with breakeven in touching distance

2026-05-11T19:33:00

vfw247-safaricom ethiopia

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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