{
  "id": 18273612,
  "title": "M-Pesa hits Ksh100B revenue as Safaricom profit surges 35.9% to Ksh58.2B",
  "url": "https://urgent.news/2026/11/05/m-pesa-hits-ksh100b-revenue-as-safaricom-profit-surges-35-9-to-ksh58",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T07:38:14.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/m-pesa-hits-ksh100b-revenue-as-safaricom-profit-surges-35-9-to-ksh58-2b"
  },
  "original_language": "en",
  "account": "Safaricom, Kenya's leading telecommunications company, reported a surge in profits, with M-Pesa reaching a revenue of Ksh100.1 billion in the six months to September 2026. This marks a 13.6% increase compared to the same period last year, signaling M-Pesa's growing role as a key driver of Safaricom's financial success. The mobile money platform witnessed a 25.2% rise in the number of transactions, totaling 27.4 billion, with a 16.6% increase in their overall value to Ksh23.6 trillion. Consumer payments were the main revenue contributor, growing by 14% to Ksh40.8 billion, while business payments saw a 14.7% increase to Ksh31 billion. Financial services experienced the most significant growth, up 55.3% to Ksh7.1 billion, and global payments revenue rose by 26.6% to Ksh2.8 billion. While withdrawals fell slightly by 0.5% to Ksh18.4 billion, M-Pesa's payment categories accounted for 75% of the revenue growth. Safaricom's CEO, Peter Ndegwa, attributed the strong performance to growth in Kenya and improving results in Ethiopia, an investment area since 2022. The Ethiopian subsidiary's net loss narrowed by 43.2% to Ksh8.8 billion, with service revenue increasing 71.6% to Ksh10.6 billion. Although still losing money, the Ethiopian operation demonstrated progress in reducing its financial burden. Safaricom's overall business showed strong growth, with group service revenue reaching Ksh226.1 billion and EBITDA growing 27.5% to Ksh129.2 billion. Operating profit climbed 39.8% to Ksh91.1 billion, reflecting the company's ability to expand profitability alongside its digital financial services and telecommunications operations.",
  "summary": "Safaricom’s mobile money platform, M-Pesa, has crossed the Ksh100 billion revenue mark for the first time in a six-month reporting period, cementing its position as one of the biggest drivers of the telecommunications company’s financial growth. M-Pesa generated Ksh100.1 billion in revenue in the six months ended September 2026, representing a 13.6 per cent increase […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}