Safaricom has raked in Sh. 37.1billions in six months.
This is a growth index of 12.1 percent compared to a similar period last year.
CEO Peter Ndegwa attributes the growth to a stellar customer centralization focus during a recession period.
The telco entry into the Ethiopian market has been jolted by a raging war, forcing it to evacuate its seconded staff back to Kenya.
Prior to the unrest, Safaricom launched a recruitment drive to hire Ethiopians including a Graduate Management Program which aims to recruit and train future leaders.
"For now, our priority is the safety and security of the small number of @SafaricomET employees who had already joined our Organization. We are following closely the developments in Ethiopia as we gear up for launch as per licence obligations." Ndegwa added.
FULL FINANCIAL REPORT : https://www.scribd.com/document/538539945/Safaricom-HY22-Press-Release-9-Nov-2021
Board chair Michael Joseph has attributed the growth to the resilience of the Kenyan economy and the Safaricom staff.
"The board is encouraged by this resilience especially from a business point of view and the recovery trajectory which we are witnessing by a return to near normalcy. The management and staff have shown similar resilience in adjusting to these challenges" Michael Joseph added.
Currently, Safaricom controls 64.2 percent of the market share and 68.2 percent of voice traffic share.
The company crossed the 40 million total customer mark, 31.75 mobile customers, 198,000 fixed customers.
*This article was written by Henry Kimoli for Uzalendo News. Email: uzalendonews24@gmail.com to submit your story.
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