Safaricom Ethiopia’s Long Road To Profit: Losses shrink 96 per cent as it nears break-even

Four years after it switched on its network in Ethiopia, Safaricom is within touching distance of making money there.Safaricom Telecommunications Ethiopia cut its EBITDA loss by 96.5 per cent to Sh434.4 million in the six months to September 2026, down from Sh12.6 billion a year earlier.