Potential second telecom entrants now at liberty to express interest in February capitalethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalethiopia.com Daily Mail and Mail on Sunday newspapers.
Almost a month ago, Takele Uma, Minister of Mines, instructed officials working under his command to suspend the licenses of over 900 mining companies. It was
Safaricom s share rally to new high after winning the Ethiopian tender by VICTOR AMADALA Image: SAFARICOM PLC
•The telco has won a tender license to operate in Ethiopia.
•A top manager in the mobile money department said the firm was looking forward to entering the new market.
Safaricom s share price hit a historical high of 42.75 before settling at Sh42.35 after the telco s linked consortium won a tender to operate in Ethiopia last week.
The firm s share price closed at the Nairobi Securities Exchange (NSE) closed at Sh42 on Friday after a week of limited activities after the lender reported a 6.8 per cent drop in net earnings for the period ended March 31.
Ethiopia has been awarded a licence to operate telecom services in
Ethiopia. The impact investment consortium aspires to support
Ethiopia s digital transformation and positively enhance the lives of its citizens.
The partners in the consortium are led by Safaricom Plc, a member of the Vodafone Group, and will establish a new operating company in
Ethiopia which aims to start providing telecommunications services from 2022. In addition to Safaricom, the partnership includes: Vodacom Group; Vodafone Group; Sumitomo Corporation - one of the largest international trading and business investment companies; and CDC Group - the
UK s development finance institution and impact investor.
Ethiopia is home to over 112 million people, making it the second largest country in