Safaricom Ethiopia reaches 14.7m customers in race to profitability
Nairobi, July 28 -- Safaricom Ethiopia reached 14.7 million active customers in June this year, boosting its drive towards attaining profitability at the EBITDA (earnings before interest, tax, depreciation and amortisation) level by March 2027.
The telecoms operator saw its number of three-month active customers rise by one million in the quarter to June 2026, from 13.63 million 90-day active customers as of the end of March this year.
The rise in the number of customers mirrors the underlying momentum of the startup, which is expected to achieve break-even at the EBITDA level in the next eight months.
The number of active customers on the network soared 46.1 percent year-on-year from 10.06 million in June 2025.
The increased number o...
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