Safaricom consortium wins Ethiopia licence bid on Sh91.8bn offer

Safaricom CEO Peter Ndegwa

Safaricom CEO Peter Ndegwa during the telco's 20-year anniversary celebration at the Serena Hotel in Nairobi on October 27, 2020.

Photo credit: Diana Ngila | Nation Media Group

What you need to know:

  • Ethiopia’s nascent telecommunications sector is considered one of the most lucrative as the once inward-looking country opens up to foreign investment for the first time.

Safaricom’s entry into Ethiopia was confirmed Saturday after the Ethiopian government awarded an operating license to the consortium it was leading.

Welcome!

You're all set to enjoy unlimited Prime content.