GSA: A snapshot of Africa’s telecoms landscape

Ethio Telecom has reported a significant jump in annual pre-tax profit, attributing the performance to strong subscriber growth and an aggressive network expansion strategy.

Safaricom announced flat profit growth in its full 2023 financial year as income was dampened by investment into its new Ethiopian unit and inflation. 

ST Telemedia said on Thursday that it will sell the majority of its stake in Malaysian telco U Mobile to local firm Mawar Setiam, which is majority-owned by U Mobile chairman Vincent Tan, in a deal that could see the country’s royal family hold a combi…