Kenyan telecoms operator Safaricom has reported revenue of KES212.9 billion (USD2.0 billion) for its financial year ended 31 March 2017, an increase of 8.8% from KES195.7 billion twelve months previously. Total service revenue rose 14.8% year-on-year to KES204.1 billion, thanks to a 38.5% jump in mobile data revenue from KES21.2 billion to KES29.3 billion in FY 2017. Safaricom said that EBITDA grew to KES103.6 billion in the twelve months to end-March 2017, up by 24.7% from KES83.1 million in the year-ago period, helping to boost net income by 27.1% from KES38.1 billion to KES48.4 billion over the same timeframe.
Safaricom said its mobile customer base totalled 28.1 million at 31 March 2017, an increase of 11.8% year-on-year, including 16.6 million mobile data customers (up by 18.1%). At that date, 2G network coverage reached 95% of the population, with 3G and 4G services reaching 85% and 25% of Kenyans, respectively. The number of active customers using Safaricom’s M-PESA mobile financial service reached 19.0 million at end-March 2017, compared to 16.6 million twelve months earlier.