Nairobi, July 19 -- Safaricom and its South African parent Vodacom Group have made a profit from operations on their M-Pesa Africa joint venture for the first time as the platform hit 60 million users across Africa.

M-Pesa Africa controls the mobile money platform's brand on the continent, licensing the telcos to operate it in eight countries through Safaricom, Vodacom and Vodafone.

In the year to March 2026, the joint venture reported a net profit of Sh102.5 million from a net loss of Sh2.47 billion in the previous year.

Its top line revenue rose by 20.6 percent to Sh8.08 billion, highlighting increased penetration of the brand on the continent as the telcos brought in new products on board.

M-Pesa Africa, whose ownership is evenly s...