Kenya’s leading telco Safaricom has posted a six per cent decline in profit after tax for the half year ending September 30th, a development attributed to the impact of Covid-19.
The company saw its profits decline to $300 million compared to $318.2 million in the same period last year. This has been attributed to a drop in voice revenue and significant impacts on its mobile money service M-Pesa, following the zero-rating of transactions below $9 (KSh1,000).
