Peter Ndegwa (pictured), CEO of mobile operator Safaricom, confirmed his company’s ambition to enter the Ethiopian market in mid-2022, despite the risk of political instability in the country. He revealed this on Tuesday 9 November during the presentation of the telecom company's H1 financial results.
We are looking forward to launching commercial operations as projected, while cognizant of the current evolving political conflict in Ethiopia, as we proceed with our plans adapting to and assessing the situation as it evolves,” he said, adding that for now, Safaricom’s priority is the safety and security of the small number of employees who have already joined the organization.
As a reminder, the conflict between the government of Prime Minister Abiy Ahmed and the Tigrayan people took a new turn on November 5 with the formation of a coalition of nine rebel groups against Addis Ababa. On the same day, several international diplomatic missions, including Sweden and the United States, called on their citizens to leave the country.
On July 9, 2021, the global license obtained by Safaricom in May came into effect. The telecom company aims to repeat its Kenyan success in Ethiopia by offering consumers innovative and quality services backed by a strong network.
Muriel Edjo
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Ghana signs a deal with eLearning Africa to expand digital learning access across the country.• The partnership focuses on deploying modern digital...
Ghana launches the Oncology Nurse Leadership Program (ONLEP) to train specialized oncology nurses from seven African countries. The five-year...
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...