Nairobi, May 13 -- Safaricom raised its stake in the Ethiopian unit to 54.1 percent at the end of March 2026, following a fresh round of funding which saw the telecoms operator sink Sh21.3 billion ($165 million) in the business over the last year.

The operator's stake in the business rose steadily in the financial year from 51.67 percent in March 2025.

The Vodacom family including Safaricom Plc and Vodacom Group Limited participated exclusively in the latest fund raising, diluting stakes by minority investors including Sumitomo, British International Investment (BII) and IFC.

Total funding for Safaricom Ethiopia rose to Sh341.7 billion ($2.64 billion) from Sh293.2 billion ($2.27 billion) in the year to March 2026.

Safaricom's share of...