Friday, November 07,
2025 - Kakamega Senator Dr. Boni Khalwale has launched a scathing attack on
Safaricom Group Plc following its announcement of a record Ksh42.8 billion
half-year profit, accusing the telecom giant of exploiting Kenyans through
overpriced services.
In a statement posted on X on Friday, November 7th,
Khalwale condemned the 52% profit surge as “obscene,” citing the financial
strain faced by millions of low-income Kenyans who rely on Fuliza, M-Pesa and
mobile data.
“Obscene profits like these are clearly a case of
profiteering that can exist only in a black market,” he wrote.
He called on regulators and the Government to intervene,
demanding a drastic cut in the cost of Safaricom’s financial and data services.
“The cost of data, fuliza and MPesa must be drastically
cut,” he added.
His remarks came hours after Safaricom revealed strong
growth driven by mobile data and M-Pesa transactions, with Safaricom Kenya
posting Ksh 194.08B in service revenue and Ksh 58.28B in net income.
Safaricom’s half-year report released on November 6th,
2025 also shows total Fuliza borrowing hit Sh 629.2 billion, up nearly 40% from
Sh450 billion, with the average loan rising from Sh236 to Sh255.
While industry analysts praised the results as a sign of
strategic strength, Khalwale insisted that such profits must translate into
affordability for consumers.
His comments sparked widespread debate online, with many Kenyans supporting his call for lower costs, while others defended Safaricom’s performance as a private sector success.
The Kenyan DAILY POST
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