Safaricom Soars: First East African Company to Break Billion-Dollar Profit Barrier

Safaricom is celebrating a historic achievement! The Kenyan telecommunications giant has become the first company in East Africa to record earnings exceeding the one-billion-dollar mark. This remarkable feat signifies Safaricom’s continued dominance in the regional market.

The news was announced by CEO Peter Ndegwa, highlighting the company’s operating profit for the full year to March which reached a staggering Sh139.9 billion. This exceptional performance is a testament to Safaricom’s strategic direction and its ability to deliver consistent value.

Safaricom’s billion-dollar milestone not only underscores the company’s financial strength but also sheds light on the immense potential of the Kenyan telecommunications sector. This achievement is likely to have a ripple effect, inspiring further growth and innovation within the industry.

Leave a Reply

Your email address will not be published. Required fields are marked *