{"id":14651,"date":"2025-11-06T08:23:51","date_gmt":"2025-11-06T06:23:51","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/kenyas-safaricom-reports-55-higher-profit-as-ethiopia-loss-narrows\/"},"modified":"2026-02-27T16:27:09","modified_gmt":"2026-02-27T14:27:09","slug":"kenyas-safaricom-reports-55-higher-profit-as-ethiopia-loss-narrows","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenyas-safaricom-reports-55-higher-profit-as-ethiopia-loss-narrows\/","title":{"rendered":"Kenya&#8217;s Safaricom reports 55% higher profit as Ethiopia loss narrows"},"content":{"rendered":"<div>Kenyan telecoms company Safaricom reported a 55% rise in its half-year profit on Thursday, helped by a smaller loss in key expansion market Ethiopia.<\/div>\n<div><\/div>\n<div>Safaricom posted a group operating profit of $505.62 million in the six months to the end of September and maintained its full-year guidance.<\/div>\n<div><\/div>\n<div>Steady growth in its Kenya business continued to be the main profit driver, while its reported loss in Ethiopia dropped by 59% compared to the first half of the previous financial year, which was heavily impacted by a depreciation of the birr currency.<\/div>\n<div><\/div>\n<div>Safaricom launched in Ethiopia in 2022 as the government there opened up the tightly-controlled economy to foreign competition and is hoping its presence in Africa&#8217;s second most populous country will power future growth.<\/div>\n<div class=\"x_elementToProof\"><\/div>\n<div>The telecoms firm is partly owned by South Africa&#8217;s Vodacom and Britain&#8217;s Vodafone.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14652,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14651","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Kenyan telecoms company Safaricom reported a 55% rise","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14651\/revisions"}],"predecessor-version":[{"id":19220,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14651\/revisions\/19220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14652"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14651"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}