Sunday, May 19, 2024
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Safaricom Ethiopia

Ethiopia Changing Laws to Prepare for M-PESA Launch

Ethiopia has reportedly started changing certain national payments laws in an effort to clear the way for Safaricom to launch M-PESA, Africa's largest fintech platform, to the Horn of Africa country's virtually untapped market of 110-million people. The National Bank...

Ethiopia’s Government Postpones Ethio Telecom Privatisation Process

The government of Ethiopia has announced today that it will be postponing the ongoing privatisation process of the state-owned Ethio Telecom, and did not set a timeframe for when the process will continue. In an announcement posted to Twitter by...

Tower Sharing Deal in the Works Between Safaricom & Ethio Telecom

Safaricom has reportedly begun negotiations on a new infrastructure sharing deal with Ethiopian rival and state-owned entity Ethio Telecom. This comes as the Kenyan telecom company and its consortium of investors prepare a much-anticipated launch in the Horn of...

Safaricom Builds Ethiopian Data Centre Worth $100M With 2 More on the Way

2 years after the Kenyan telecom powerhouse made its initial foray into Ethiopia's virtually untapped mobile and internet space, Safaricom is finally ready to begin commercial operations in the Horn of Africa country having set its launch date for...

Top 4 Most Trending Stories – Week in Review

As this week comes to a close we take a look at the stories that resonated most with our readers. This week, load shedding in South Africa, Microsoft launches its new Surface Laptop model, Safaricom evacuates its staff as the...

Safaricom Pulls Staff Out of Ethiopia As War Nears the Capital City

East Africa's leading telecom company Safaricom has reportedly evacuated some of its employees from Ethiopia, fearing disruption to its operations due to the ongoing armed conflict and civil unrest in the horn of Africa country. The firm evacuated employees...

Safaricom Bosses Receive $6.4 Million in Free Shares

Several senior executives at Safaricom, Kenya's preeminent telecom, were awarded 16.4 million shares with a current market value of Sh700-million ($6.4-million) for free in March as compensation for their past performance. According to Business Daily Kenya, the company's employees cashed...

Orange Submits Interest for Stake in Ethio Telecom

French telecom firm Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia's Ethio Telecom. This is according to Ethiopia's ambassador to Paris, sharing the news on Twitter. https://twitter.com/_HenokTeferra/status/1417419045977182232 Henok Teferra Shawl said in the...

Safaricom’s Plans in Ethiopia Hit Snag Due to Possible US Payment Ban

Safaricom's plans to expand into Ethiopia have hit a complication as a US State financier is threatening to recall its loans to a Safaricom-led consortium following an escalation of armed conflict in the horn of Africa. The US International Development...

Ethio Telecom Partners with Ericsson to Launch 4G Network for South West Ethiopia

Ethio Telecom is partnering with Ericsson to expand its 4G services into the South West region of Ethiopia during 2021. A decisive move that correlates with Ethiopia's plans into introducing international investors and partners into their monopoly-laden and virtually...
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African Fintech Giant Ranked as Fastest-Growing

The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It...
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