Safaricom dials down Ethiopia spending plan as loss drags Group profits
FY23–24: Safaricom slashes five-year investment target for Ethiopia, commits to tightened spend to weather challenging macro environment, but remains positive on progress and outlook.
This Vodafonewatch article is available to TelcoTitans Professional and Vodafonewatch subscribers. Sign in, subscribe now, or contact us for more details or if you have a relevant story.
This article includes:
- Organisations: Safaricom; Safaricom Telecommunications Ethiopia (STE); M-PESA.
- Geographic: Ethiopia; Kenya.
- People: Dilip Pal; Peter Ndegwa.
- Themes: Network deployment; Mobile money services; Customer acquisition; Revenue; Profitability; Capital expenditure; Investment plans; Operating environment; Political instability; Inflation; Earnings; Financial guidance.
This is TelcoTitans Professional Subscription content. Subscribe now.
Already a subscriber? Sign in here, or contact us to check if your company has access.
Become a TelcoTitans Professional Subscriber
Read this article and get full access to all TelcoTitans premium telco and digital infra content by subscribing today.
TelcoTitans Professional subscriptions include:
- 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.