True confident on merger with Dtac, despite lawsuit

Safaricom CEO Peter Ndegwa is unfazed by media reports surrounding a potential breakup of the company in Kenya, which briefly surpassed the KES1 trillion market capitalisation milestone only two months ago.

Next month marks Safaricom’s 25th anniversary. CEO Peter Ndegwa (pictured) was in London to reflect on the operator’s journey – from a subsidiary of Telkom Kenya to becoming the country’s largest and most valuable enterprise.

Safaricom reported a 52.1% increase in group net income to KES 42.8 billion for the half year ended September 2025, driven by solid performance in Kenya and reduced losses in its Ethiopia operation.