Safaricom Sees a 10% Drop in First-Half Net Income

Upon releasing their financial results Safaricom witnessed a 10% drop in the net income in their first half. This drop was cited because of a higher cost of living, and an expensive network rollout.

It (the price cut) is not inconsequential or trivial … it has a substantial impact on our business.

Peter Ndegwa, CEO, Safaricom

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