Safaricom Profit and M-Pesa Growth Grab Attention

Safaricom PLC has reported a significant increase in profits, with its mobile money service, M-Pesa, recording impressive growth. The company’s latest financial results highlight the increasing importance of digital financial services in Kenya and across Africa.

According to its half-year financial results for the six months ending September 30, 2026, Safaricom’s net profit increased by 35.9 per cent to KSh58.2 billion. This represents a major improvement compared to the same period in the previous year. The company’s total service revenue also increased by 13.1 per cent to KSh226.1 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 27.5 per cent to KSh129.2 billion.

One of the biggest highlights was M-Pesa, which generated KSh100.1 billion in revenue, representing a 13.6 per cent increase. This was the first time the mobile money platform crossed the KSh100 billion revenue mark in a six-month reporting period. The strong performance shows that M-Pesa remains one of Safaricom’s most important sources of income. (Citizen Digital)

M-Pesa continues to play an important role in Africa because it makes financial services more accessible and convenient. Millions of people use mobile money to send and receive funds, pay bills, purchase goods and services, and manage their finances without necessarily visiting a traditional bank. Small business owners also benefit because they can receive payments quickly and serve customers more efficiently.

In many African communities, access to traditional banking services can be limited. Mobile money platforms help bridge this gap by allowing people to carry out financial transactions using their mobile phones. M-Pesa has therefore become an important tool for financial inclusion, supporting individuals, businesses and economic activities.

The platform’s continued growth also reflects a wider change in how people across Africa handle money. More consumers and businesses are embracing digital payments because they are convenient, accessible and increasingly reliable. As internet access and smartphone use expand, mobile financial services are expected to create even more opportunities.

Safaricom’s performance demonstrates that mobile money is no longer simply an alternative way to transfer cash. It has developed into a major part of Africa’s financial and business environment. Its continued investment in technology and financial services could strengthen its position in the growing digital economy.

Overall, Safaricom’s latest results show the strength of its business and the growing influence of M-Pesa. The company’s financial success reflects how digital financial services are transforming everyday transactions and creating new opportunities across Africa.