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Safaricom granted Ethiopian licence amid funding doubts? capacitymedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capacitymedia.com Daily Mail and Mail on Sunday newspapers.
162 Ethiopia’s telecommunications regulator awarded one operating license to a consortium led by Kenya’s Safaricom Vodafone, Japan’s Sumitomo Brook Taye, and UK finance agency CDC Group. The Council of Ministers has unanimously made a historic decision today allowing Ethiopian Communications Authority to grant a new nationwide telecom license to the Global Partnership for Ethiopia which offered the highest licensing fee and a very solid investment case, Prime Minister Abiy Ahmed said through his Twitter handle on Saturday. East Africa’s mobile telecommunication giant Safaricom owns 56 percent, Japan’s Sumitomo 25 percent, CDC 10 percent, Vodacom 6 percent, and the rest is owned by the UK sovereign investment fund in the global partnership for Ethiopia consortium. ....
Safaricom takes 56pc stake in Ethiopia firm Business Daily Safaricom #ticker:SCOM has raised its controlling stake in Global Partnership for Ethiopia, the consortium that has made a bid for one of two telecoms licences in Kenya’s northern neighbour, to 56 percent from the 51 percent announced previously. Details of the consortium’s latest ownership structure was disclosed Tuesday by South Africa-based Vodacom Group which owns a 34.9 percent stake in the Nairobi Securities Exchange-listed firm. “The consortium is 56 percent owned by Safaricom, six percent by Vodacom, 25 percent by Sumitomo the Japanese conglomerate and 10 percent by CDC, the UK sovereign investment fund,” Vodacom’s chief executive Shameel Joosub said at an investor briefing yesterday. He did not explain the circumstances that led to the changes in the ownership. The multinational’s stake has also gone up, having previously stood at five percent. The percentages listed by Mr Joo ....
Safaricom’s bid to operate M-Pesa in Addis boosted by mobile money services launch Wednesday May 19 2021 Safaricom Plc headquarters in Kenya s capital Nairobi. The telco is eyeing the Ethiopian Market. PHOTO | FILE | NMG Advertisement Safaricom is still hopeful that it will launch mobile money services in Ethiopia as it awaits the decision on the acquisition of a licence to operate in the country. The telco’s bid for control of the Ethiopian telecommunication market seems to have received a boost ahead of the official acquisition of the licence with the news that the Addis administration plans to liberalise mobile money services next year. ....
Safaricom's bid to operate M-Pesa in Addis boosted by mobile money services launch theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.