· Lifting of Covid restrictions and improved business activity have contributed to the revenue growth of Safaricom.
· Primarily M-Pesa revenues have driven Safaricom’s half-year net profit to September to Sh37.05 billion recording a 12.1 percent growth.
The lifting of Covid restrictions and improved business activity have contributed to the revenue growth of Safaricom. M-Pesa revenues reportedly have driven Safaricom half-year net profit to September to Sh37.05 billion recording a 12.1 percent growth. The April to September 2021 period also saw voice and messaging revenue increase in the period that coincided with the lifting of Covid-19 restrictions. M-Pesa revenue rose by 45.8 percent . Safaricom chief financial officer Dilip Pal at an investor briefing said that growth in service revenue was mainly attributed to M-Pesa revenues as well as mobile data, voice and fixed business.
