NewzSafaricom Ethiopia reported 6.13 billion Birr in total revenue for the first quarter ending June 30, 2026. This figure represents a 66.1 percent increase compared to the 3.69 billion Birr recorded during the same period the previous year. A significant factor in this growth was the expansion of the company’s M-PESA service, which saw its active customer base rise by 131.3 percent year-on-year to reach 5.69 million users.
The broader telecommunications landscape in Ethiopia is undergoing a shift as data and internet services replace traditional voice calling as the primary revenue drivers. This trend is mirrored across the industry, with Ethio Telecom similarly reporting that data services have overtaken voice as its top earner. As digital finance and internet connectivity become central to the sector, these services are increasingly fueling financial performance for major operators in the region.
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