Safaricom Ethiopia passes fifteen million active customers

Safaricom Itoophiyaa fayyadamtoota miiliyoona kudha shan darbe

A coffee farmer in southern Ethiopia on his mobile phone. Illustration.

Posted 28 Nehase 2018 E.C. · 11:00 EAT (5:00 Ethiopian time) · Published by Ensight (Mo Creatives) · Photograph DFID - UK Department for International Development · CC BY 2.0

Four years after commercial launch the challenger reports 15 million ninety-day active subscribers, more than 3,500 sites and about 60% population coverage. Revenue for the quarter to 30 June was ETB 6.13 billion, up 66.1%, with M-PESA moving ETB 19.51 billion. The company still loses money and guides to breaking even at the EBITDA line by March 2027.

Source: Safaricom Ethiopia

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