Mobile data revenue in the year to March 2016 climbed 43 percent to Sh21.2 billion, but voice revenues climbed more slowly, by just 4 percent to Sh90.8 billion. Updated Wed, May 11th 2016 at 11:40 GMT +3NAIROBI, KENYA: Safaricom on Wednesday said its full year net profit grew by 19 percent to Sh38b up from Sh31b same period previous year. For the year to March 2016, revenues from M-Pesa climbed 27 percent to Sh41.50 billion as customers with even basic handsets use them to increasingly pay bills, send money and make other transactions. The earnings before interest, taxation, depreciation and amortisation (EBITDA) for the full-year to March 2016 rose 17 percent to Sh83.1 billionCapital expenditure for the year to March 2017 was forecast at between 32 billion and 33 billion shillings. The telco reported growth in most business lines.

Source: Standard Digital May 11, 2016 01:21 UTC