SAFARICOM PLC

COMPANY DESCRIPTION

Safaricom PLC is Kenya's leading mobile network operator, headquartered in Nairobi. It offers a wide range of services including mobile telephony, mobile money transfer, ecommerce, and more. Known for MPESA, it controls 64.5% of the Kenyan market and has significant shares in voice and SMS markets. Established in 1997, it became partially owned by Vodafone Group PLC in 2000 and went public in 2008. Safaricom is a top employer in Africa and had over 4,500 permanent employees as of 2020, with a widespread presence across the country.

SAFARICOM

Waiyaki Way, Westlands. PO Box 66827, 00800 Nairobi. Tel: +254 722 00 4524/4260 www.safaricom.co.ke.

Nairobi Securities Exchange – NSE

 

TELECOMMUNICATION INDUSTRY

COMPANY NAME

ISIN CODE

TICKER

MARKET CAP

 Safaricom Plc 

KE1000001402

SCOM

 
Reports

Financial Reports for SAFARICOM PLC

Access comprehensive financial reports for Safaricom PLC, encompassing annual reports, interim reports, and pivotal financial statements. Stay informed about the company’s performance, financial strength, and strategic roadmap with the latest financial updates.

Financial Report

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Safaricom's subsidiary in Ethiopia has been handed a boost after the country’s telecommunications regulator cut mobile termination rates (MTR) by a quarter, making it less costly to connect its customers calls with those of its rival Ethio Telecom.

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Safaricom boost as Ethiopia slashes termination charges

Safaricom Ethiopia has identified cash dominance as a key barrier to growing its payments business represented using its M-Pesa platform. The telco said the proliferation of cash, especially for small-value transactions was a challenge but an opportunity to digitise payments in the country as the operator also eyes the rollout of financial services.

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02

Cash barrier to M-Pesa uptake in Ethiopia

The number of M-Pesa users enrolled by Safaricom’s Ethiopia unit has nearly tripled in four months to 3.1 million with Sh18.5 billion worth of transactions, offering hope for success in the populous country. The latest quarterly update showed that Safaricom Telecommunications Ethiopia closed in December 2023 with 3.1 million M-Pesa users.

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03

Safaricom triples M-Pesa users in Ethiopia to 3.1m

CBK Key Rates
Central Bank Rate13.00%03/04/2024
Inter-Bank Rate13.73%19/04/2024
CBK Discount Window17.00%03/04/2024
91-Day T-Bill15.803%22/04/2024
REPO8.94%11/08/2023
Inflation Rate5.7%March,2024
Lending Rate15.2%January,2024
Savings Rate3.69%January,2024
Deposit Rate10.18%January,2024
KBRR8.9%27/06/2016