Safaricom Ethiopia Nears EBITDA Breakeven on 71.6% Revenue Growth
Safaricom Ethiopia has posted 71.6 percent revenue growth and is approaching EBITDA breakeven, according to the company's HY2027 half-year results. The narrowing of losses is being described as a landmark milestone for the continent's most closely watched greenfield telecom expansion.
Safaricom Ethiopia: the construction phase is genuinely over
The number that cuts through everything else: capital spending dropped from KSh18.7 billion in the first half of last year to KSh5 billion this half.
That isn't cost-cutting. That is what happens when you stop building the foundation and start running the business. The losses that remained were always about construction, not viability — and now the construction bill has shrunk by nearly 75%.
EBITDA breakeven by March 2027 looks like a forecast. At this trajectory, it looks more like a formality.
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- Safaricom Ethiopia’s losses fall sharply as the telecom business approaches a new financial phase · techtrendske.co.ke · T2