MPesa, data boosts Safaricom’s revenue to a record 163.4B

May 7, 2015
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The mobile operator has announced a 38 per cent growth of profit after tax to Sh31.9B on revenues of Sh163.4B lifted by a double-digit growth in non-voice revenue for the year ending March 31, 2015.

While voice revenue is still the cash cow generating Sh87.4B, it registered marginal growth of 4 percent compared to non-voice revenue which expanded by 27 per cent to rake in Sh68.8B for the telco.

Revenue from MPesa (Sh32.6B) and mobile data (Sh14.8B) registered growths of 23 percent and 59 percent respectively.

Safaricom CEO Bob Collymore said the continued focus on providing quality services saw a double-digit growth across the non-voice revenue streams leading to a 13 percent growth of total revenue. He added that the company is committed to deepening financial inclusion with the customer uptake of Lipa na MPesa.

READ: Safaricom records Sh31.9bn profit, Collymore gets 2 more years

“MPesa, now contributing 20 per cent of total revenue, continues to be a significant driving factor in our growth. This was driven by a 14 percent increase in 30 day active MPesa customers to 13.9M as well as an increase in the average number of transactions per customer,” said Collymore.

The company also announced active MPesa users rose to 13.9 million while MPesa agents totaled 85,756.

“Lipa na MPesa service had 49,413 merchants active on a 30-day basis, who received Sh11.6B of payments,” said Collymore.

Active mobile data customers grew by 21 percent to 11.6 million, of which 4.3M were on 3G enable services.

“We have increased the population coverage of our 3G network to 69 percent, completed the modernization of our 2G network which covers 92 per cent of the population and have connected 30 percent of our base stations to our fibre,” Collymore added.

The company said the 4G network is available in Nairobi and Mombasa with plans underway to roll out to 13 towns and cities by the end of 2015.

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