Home › Safaricom H1 service revenue falls 5% as M-Pesa turnover shrinks by 15%, active customers rise 14%
 

Keywords :   


Safaricom H1 service revenue falls 5% as M-Pesa turnover shrinks by 15%, active customers rise 14%

2020-11-09 09:33:00| Telecompaper Headlines

(Telecompaper) Kenyan operator Safaricom's net profit decreased by 6.0 percent to KES 33.07 billion in the first six months to 30 September from KES 35.19 billion in the same period of 2019. Total revenue decreased by 4.1 percent to KES 124.53 billion from KES 129.92 billion in 2019 with service revenue dropping 4.8 percent to KES 118.41 billion from KES 124.32 billion. The company attributed the decline to Covid-19 pandemic, blaming the decline in service revenue performance on lower M-Pesa and voice revenues.

Tags: service active customers rise

Category:Telecommunications

Latest from this category

All news
10.02Turning AI into Measurable Outcomes with Private Cloud
06.02How Proactive Threat Hunting Stopped INC Ransom Before the Alert
06.02Rackspace Technology at ViVE 2026
04.02Getting Started With AI: A Practical Path Forward
Telecommunications »
18.02Illegal skin lightening cream being sold in UK butchers, watchdog warns
17.02I invested 12,000 in Brewdog - I think I've lost it all
17.02How do consumer perceive regenerative agriculture?
17.02Five indicted for alleged $220M cattle fraud scheme
17.02Bayer offers $7.25bn to settle weedkiller cancer claims
17.02Dual nationals face scramble for UK passports as new rules come into force
17.02Why youth unemployment is rising
17.02Shein under EU investigation over childlike sex dolls
More »