East Africa telecoms Flash News List | Blockchain.News
Flash News List

List of Flash News about East Africa telecoms

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Safaricom profit jumps 52% as Ethiopia loss narrows: 2025 trading takeaways for Kenya stocks and M-Pesa’s crypto payments angle

According to @business, Safaricom’s profit rose 52% after losses narrowed in its Ethiopian operations, and it remains Kenya’s biggest company by market value, source: Bloomberg/@business. For equity traders, the narrowing Ethiopia losses reduce the earnings drag at group level and strengthen the operating outlook for Kenya’s benchmark telecom stock, source: Bloomberg/@business. For crypto market participants, Safaricom operates the M-Pesa mobile money network that underpins a significant share of Kenya’s digital payments, which is relevant to fiat on/off-ramps in the region, source: Safaricom PLC. Sub-Saharan Africa’s crypto activity is predominantly retail and often relies on P2P channels alongside mobile money rails, making payment infrastructure developments in Kenya material for regional crypto liquidity monitoring, source: Chainalysis Geography of Cryptocurrency Report.

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