Safaricom bets on tariff hike for Ethiopia profits

Safaricom Plc says a tariff hike would be crucial to help it break into profits in Ethiopia as its revenues in the country remain under pressure from currency depreciation.

The telcoms operator which ventured into the market in 2022 has however retained its target for profitability in Ethiopia in March 2027 as it marks a notable reduction in losses from Sh19.4 billion to Sh15.2 billion for the half year period closing in September 2025.