Safaricom plots bolt-on M&A to strengthen Kenyan and Ethiopian core

Joseph Purnell2025-05-16T13:42:00

Source: Safaricom

FY24–25: CEO Peter Ndegwa indicates willingness to look further afield for growth opportunities once Ethiopian venture reaches self-sufficiency.

This article includes:

Organisations: British International Investment (BII); Diageo; Guinness; Guinness Nigeria; International Finance Corporation (IFC); iXAfrica Data Centres; Safaricom; Safaricom Ethiopia; Sumitomo Corporation; Vodacom Group.
Geographic: Africa; East Africa; Ethiopia; Kenya; Nigeria; West Africa.
People: Adil Khawaja; Dilip Pal; Peter Ndegwa.
Themes: Acquisitions; AI-ready infrastructure; Capex; Civil conflict; Cloud; Currency fluctuations; Data centre services; Enterprise innovation; Equity funding; Financial services; Fixed network infrastructure; Insurance; Macro headwinds; M&A; Market expansion; Network growth; Partner; Purpose-led technology company; Satellite; Strategy.
Events: Safaricom FY24–25 results and earnings call.

This is TelcoTitans Professional Subscription content. Subscribe now.

Already a subscriber? Sign in here, or contact us to check if your company has access.

Read this article and get full access to all TelcoTitans premium telco and digital infra content by subscribing today.

Full access to all TelcoTitans online news, insight and analysis, including Professional-only and deep-dive content on leading tier-1 telcos
Professional-only premium weekly CSP briefings and newsletters
Industry-leading insight and analysis that you simply cannot get anywhere else

“Super intelligence, consistently high quality, compact and easy to digest” – Deloitte.