M-Pesa Profits

Company News

Safaricom Chalks Up Almost $500-Million Profit from M-Pesa Unit

Zintle - July 11, 2022

Safaricom, a Kenyan mobile operator company, made an Sh50 billion ($423.8-million) profit before tax from its M-Pesa mobile money service in the year ended in March 2022. According to Business Daily, the performance statement shows that while M-Pesa business contributed...

Company News

Safaricom Bosses Receive $6.4 Million in Free Shares

Luis Monzon - July 27, 2021

Several senior executives at Safaricom, Kenya's preeminent telecom, were awarded 16.4 million shares with a current market value of Sh700-million ($6.4-million) for free in March as compensation for their past performance. According to Business Daily Kenya, the company's employees cashed...

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