Safaricom net profit for the full year ended March this year jumped 19.54 percent to Sh74.7 billion on strong M-Pesa and mobile data revenue growth that offset a decline in voice and messaging (SMS) revenues.
During period, Safaricom's M-Pesa revenue grew by 12.6 percent to Sh84.44 billion as mobile data revenue increased by 12.1 percent to Sh40.67 billion.
The Central Bank of Kenya (CBK) will face a fresh test at the monetary policy meeting today as the economy continues to be battered by the Covid-19 pandemic.
The apex bank is expected at the Monetary Policy Committee (MPC) meeting to assess the impact of a raft of measures it rolled out on March 23 to help the economy blunt and navigate the effects of the pandemic while possibly announcing new ones.
Kenya on Monday confirmed eight new cases of coronavirus, bringing the total to 363.
A team of experts from the University of Nairobi has drafted several legislative proposals to aid government in the management of global pandemic Covid-19.
