{"id":874430,"date":"2024-11-07T17:47:23","date_gmt":"2024-11-07T12:17:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=874430"},"modified":"2024-11-08T06:48:01","modified_gmt":"2024-11-08T01:18:01","slug":"kenyas-safaricom-sees-strong-ebit-growth-on-kenyan-and-ethiopian-performance","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/07\/kenyas-safaricom-sees-strong-ebit-growth-on-kenyan-and-ethiopian-performance\/","title":{"rendered":"Kenya&#8217;s Safaricom sees strong EBIT growth on Kenyan and Ethiopian performance"},"content":{"rendered":"<p>Kenya&#8217;s biggest telecoms operator Safaricom said on Thursday its earnings before interest and taxes (EBIT) grew 31.9% year-on-year to 61.6 billion Kenyan shillings ($479.38 million) for the first half of the year to the end of September. <\/p>\n<p>The company, partially owned by South Africa&#8217;s Vodacom , also posted a 14.0% increase in group service revenue to 181.4 billion shillings, while its net income climbed 21.7% to 36.7 billion shillings during the same period<br \/>\nPeter Ndegwa, Safaricom&#8217;s group chief executive officer, attributed these results to robust performance across all business sectors in Kenya and Ethiopia. <\/p>\n<p>&#8220;Despite the short-term challenges, we remain confident in the long-term commercial success of our Ethiopian business, and we are very encouraged by the commercial acceleration,&#8221; Ndegwa said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kenya&#8217;s biggest telecoms operator Safaricom said on Thursday its earnings before interest and taxes (EBIT) grew 31.9% year-on-year to 61.6 billion Kenyan shillings ($479.38 million) for the first half of the year to the end of September. The company, partially owned by South Africa&#8217;s Vodacom , also posted a 14.0% increase in group service revenue to 181.4 billion shillings, while its net income climbed 21.7% to 36.7 billion shillings during the same period Peter Ndegwa, Safaricom&#8217;s group chief executive officer, attributed these results to robust performance across all business sectors in Kenya and Ethiopia. &#8220;Despite the short-term challenges, we remain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-874430","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/874430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=874430"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/874430\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=874430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=874430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=874430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}