Business Daily (Kenya)
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Safaricom CEO Bob Collymore. FILE PHOTO | NATION MEDIA GROUP

ByMUTHOKI MUMO and BDAfrica.com WRITERPosted Friday, November 4 2016at 10:26

tml » target= »_blankSafaricom has registered a 32.4 per cent growth in net profit to hit Sh23.9 billion for the half year to September, with the firm saying most of its revenue came from non-voice services for the first time.

The company’s income growth was also driven by service revenue, with half of it coming from M-Pesa services.

The mobile money transfer service registered a 30 per cent increase in total transaction values to Sh3.2 trillion.

Another growth driver was mobile data, which grew 46.3 per cent year-on-year, with 30-day active data customers increasing from 13.1 million in 2015 to hit 14.9 million this year.

The NSE-listed firm says its data volumes increased 74 per cent year-on-year.

Safaricom has invested heavily in its 4G network infrastructure, with the firm noting that the technology is expected to contribute to growth of its customers.

Charges scrapped

The firm also announced Thursday that it has eliminated all charges in person-to-person M-Pesa transfers and Lipa na M-Pesa transactions below Sh100 with immediate effect.

In an investors’ briefing held Friday morning, the telco which is the most profitable firm in Kenya said it had grown its customer base by six per cent in the period under review to reach 26.6 million subscribers.

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Copyright 2016 actualité africaine
Posted in: ICT