Search Results for: SAFARICOM ETHIOPIA
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News
15 million customers later, Safaricom Ethiopia must turn rapid growth into a commercially sustainable business
Safaricom Ethiopia’s profitability has become the more important question now that the operator has passed 15 million 90-day active subscribers.…
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News
Safaricom Ethiopia crosses 15m subscribers at five-year mark
Safaricom Ethiopia has surpassed 15 million 90-day active subscribers, marking five years since the Ethiopian government awarded it a full-service…
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News
Safaricom Ethiopia Reaches 14.7 Million Customers as Profitability Nears
Safaricom Ethiopia reached 14.7 million active customers in June 2026, strengthening its path toward EBITDA profitability by March 2027 and…
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News
Safaricom Ethiopia Total Funding Hits $2.65 Billion as PLC Deepens Stake to 54%
Safaricom Telecommunications Ethiopia closed the financial year ended 31 March 2026 with total funding of $2.65 billion, a 17% increase…
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News
Safaricom Ethiopia announces aggressive data price hike amid currency volatility
Safaricom Ethiopia has announced a sweeping 44% average increase in mobile data tariffs, marking its most aggressive pricing adjustment since…
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News
Standard Bank injects $138 million into Safaricom Ethiopia to fuel network expansion
Standard Bank, trading as Stanbic Bank in Kenya, has announced a USD 138 million (approximately KES 17.94 billion) financing deal…
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BUSINESS
Safaricom Ethiopia Revenue Jumps 136%, but M-PESA Stalls
Safaricom Ethiopia has reported explosive 136% growth in its service revenue, which surged to KES 6.2 billion for the six…
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News
Safaricom Ethiopia Mobile Expansion Set to Reshape Financial Access Across a Cash-Dominated Country
Ethiopia’s streets still move largely on cash. Vendors count bills at market stalls, commuters exchange coins on crowded buses, and…
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BUSINESS
Safaricom Ethiopia Hits 10 Million Active Customers
Safaricom Ethiopia has announced a major milestone, reaching 10 million active customers within just four years of receiving its operating…
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News
Safaricom Ethiopia hits 6.1 million monthly active users
Kenya’s leading Safaricom on Thursday announced impressive growth in its customer base in Ethiopia, reporting a 47.3% increase in monthly…
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News
Safaricom Ethiopia to use locally manufactured telecom towers
Safaricom Ethiopia has announced that it will be using locally manufactured telecom towers as it seeks to localize its infrastructure. …
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News
Safaricom Ethiopia closes funding transaction from World Bank’s investment arms
Safaricom Ethiopia is set to receive funds from the World Bank Group, following the closure of the transaction during a…
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BUSINESS
Safaricom Ethiopia CEO Anwar Soussa is leaving the company after two years
After being appointed to lead the Safaricom-Led consortium operations in Ethiopia in July 2021, Anwar Soussa now leaving the company.…
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BUSINESS
Safaricom Ethiopia goes live in five more cities
Safaricom Ethiopia has switched on its network and services in five more cities. The cities include Hawassa, Assela, Jigjiga, Sodo…
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News
Safaricom Ethiopia pilots its services in Dire Dawa ahead of national launch
After announcing plans to launch commercial operations in Ethiopia within the year, Safaricom has now started large-scale customer pilot of…
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BUSINESS
Safaricom Ethiopia launches staff recruitment drive ahead of launch
Safaricom Telecommunications Ethiopia PLC on Friday launched a countrywide staff recruitment drive ahead of its commercial launch. The telco also…
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News
Safaricom Continues Backing Ethiopia as Investment Tops KSh159.6 Billion
Safaricom Plc increased its financial commitment to its Ethiopia subsidiary by KSh1.4 billion during the three months to June 2026,…
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News
Safaricom’s Bigger Ethiopia Stake Comes With an Important Catch
Safaricom’s Ethiopia stake increased to 54.17% after the company led a fresh capital injection into its Ethiopian subsidiary during the…
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News
Kenya Moves to Control Safaricom’s Future Expansion Beyond Ethiopia
Safaricom’s next international expansion may be decided as much in Nairobi as in the boardroom. Among the governance changes due…
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News
Safaricom Puts More Money Into Ethiopia as Its Stake Climbs Past 54%
Safaricom has increased its shareholding in the Ethiopian telecom venture to 54.1 percent after committing additional capital to the operation…
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News
Why Ethiopia Matters to Safaricom’s Future
Safaricom used its FY2026 results presentation to frame Ethiopia as a long-duration infrastructure project tied to digital systems, network reach…
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News
Ethiopia Gave M-Pesa Users in the Millions but Not the Revenue Safaricom Expected
Safaricom entered Ethiopia with a familiar story in mind. A large population, low formal banking penetration, and a mobile network…
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TRENDING
Safaricom Learns the Hard Math of Expansion in Ethiopia as Growth Outruns Profit
Safaricom’s bet on Ethiopia has always been a long play. Two years after it entered the market, the company is…
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TRENDING
Safaricom’s Net Profit Surges 52.1% as Ethiopia Losses Narrow
Safaricom PLC has announced a 52.1% surge in its group net income to KES 42.8 billion for the six months…
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News
Safaricom 25th Anniversary Sees CEO Outline Bold Plans for 5G, Fibre, and Ethiopia Expansion
Next month, Safaricom—the company that redefined Kenyan telecom—celebrates its 25th anniversary. It’s more than a quarter-century in business; it’s a…
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News
Inside the Ethiopia Mobile Duopoly: What Ethio Telecom and Safaricom’s Next Moves Mean for the Market
In Ethiopia, the mobile duopoly consists of the state-run Ethio Telecom and privately run Safaricom Ethiopia, and it is evolving…
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News
Safaricom Extends Its M-Pesa Global Service to Ethiopia
MPESA Kenya users can now send mobile money to MPESA Ethiopia users through Safaricom’s MPESA International Remittance, as long as…
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BUSINESS
Safaricom shares its accomplishments and future strategies for Ethiopia
Safaricom PLC on Friday held its second Investor Day in Addis Ababa, providing an opportunity for the investment community to…
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BUSINESS
Safaricom now has 1.2 million M-PESA customers in Ethiopia
Safaricom has now registered 1.2 million M-PESA customers since launching the mobile money service in the country in August this…
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News
Safaricom launches M-PESA in Ethiopia
Safaricom has finally launched its mobile money service M-PESA in Ethiopia. The service went live on Wednesday three months after…
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News
[Ethiopia] Safaricom M-Pesa and Hibret Bank enter into Mobile Banking and Agency Partnership
As Safaricom Ethiopia prepares to launch M-Pesa in the country, the telco has now announced a Mobile Banking and Agency…
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News
Safaricom picks new CEO for its Ethiopia business unit
Wim Vanhelleputte has been named the new CEO for Safaricom Ethiopia effective September 1. His appointment comes just a week…
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News
Safaricom granted mobile money license to launch M-Pesa in Ethiopia
Safaricom has announced that it has officially been granted a mobile money license to launch M-PESA in Ethiopia. Since launching…
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News
Safaricom to launch M-Pesa in Ethiopia this year
Safaricom has revealed that its mobile money service M-Pesa will go live in Ethiopia this year. Dilip Pal, Safaricom’s chief…
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News
More than 740k customers have so far joined Safaricom network in Ethiopia
Safaricom has revealed that more than 740,000 customers have joined its network in Ethiopia during its first month of operation.…
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News
Safaricom officially goes live in Ethiopia
About 16 months after winning a telecom license to operate in Ethiopia, Safaricom has today finally gone live in the…
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BUSINESS
Safaricom to launch commercial operations in Ethiopia this year
Safaricom is set to launch commercial operations in Ethiopia within the year. Safaricom CEO Peter Ndegwa confirmed this while releasing…
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News
Safaricom to launch M-pesa in Ethiopia after new law changes
There is a wave of transformation sweeping across the telecommunications sector in Ethiopia. It started with reforms effected by Prime…
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CLOUD
Safaricom selects VMware as its Cloud Platform partner in Ethiopia
Safaricom Ethiopia has selected multi-cloud services provider VMware as its Telco Cloud Platform partner. The announcement was made at the…
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News
GPE Appoints Anwar Soussa To Lead Safaricom-Led Consortium Operations in Ethiopia
The Global Partnership for Ethiopia (GPE) on Monday appointed Mr. Anwar Soussa as the Managing Director (MD) of the Operating…
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BUSINESS
Safaricom-led consortium wins Ethiopia’s telecom license
Ethiopia ’s telecommunications regulator has awarded an operating licence to a consortium led by Kenya’s Safaricom and Japan’s Sumitomo Safaricom,…
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News
Ethiopia Denies Shortlisting Safaricom for Telco License
A report emerged on Wednesday that Kenya’s largest telco Safaricom had made it to the shortlist of six firms selected…
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BUSINESS
Safaricom Joins Shortlist of Firms Qualified for Ethiopia Telco License Bid
Safaricom has been shortlisted in the final list of firms that will bid for one of the two telecom license…
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BUSINESS
Safaricom Bids For Telco License in Ethiopia
Kenya’s largest telco, Safaricom, has filed a fresh bid for a license to operate in Ethiopia. The company will battle…
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Interviews
#TechTrendsChats : Safaricom CEO, Peter Ndegwa on Telco’s expansion plans to Ethiopia and other African markets
Safaricom expansion plans to Ethiopia: Safaricom has been planning to expand to the Ethiopian market for a while now. When…
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News
Vodacom names Khumo Shuenyane as next chairman as Safaricom governance changes continue
Vodacom has named Khumo Shuenyane as its next chairman, confirming a leadership transition that will take effect on 21 July…
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News
What Safaricom’s latest board appointments reveal about Vodacom’s growing influence
Safaricom’s board changes answer a question that has lingered since Vodacom became the telecom giant’s majority shareholder in June: when…
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News
Safaricom declares record dividend as Vodacom deal closes out
Safaricom shareholders approved a final dividend of KSh1.15 per share at the company’s 18th Annual General Meeting on 31 July,…
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News
Safaricom Formalizes Vodacom’s Governance Rights While Preserving State Safeguards
Safaricom shareholders have approved 14 special resolutions that formally align the company’s governance framework with Vodacom’s majority ownership following the…
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News
Vodacom’s Higher Growth Targets Put Safaricom at the Heart of Its Next Chapter
Vodacom has raised its medium-term growth ambitions less than a month after completing the Vodacom Safaricom acquisition, offering one of…
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News
M-PESA Ethiopia Brings Gebeya’s AI Tools to Its Mini App Platform
M-PESA Ethiopia has expanded its digital services by partnering with Gebeya Inc. the Ethiopian technology company to introduce AI powered…
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News
Safaricom’s Executive Share Awards Reflect a Deliberate Choice on Shareholder Capital
When investors read that Safaricom transferred 20.1 million shares worth Sh707.5 million to eligible employees during the year ended March…
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News
Safaricom’s Share Buyback Proposal Reveals a Different Capital Strategy
Safaricom’s proposal to prohibit the use of retained earnings for share buybacks may appear to be a technical amendment to…
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News
Safaricom AGM Vote Puts Board Changes in Focus
Safaricom shareholders will vote on a sweeping set of governance changes later this month that could formally cement Vodafone Kenya…
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BUSINESS
Stanbic Explores New Banking Venture in Ethiopia
Stanbic Bank is considering establishing a wholly owned banking operation in Ethiopia, opening a potential route into one of Africa’s…
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News
Safaricom Turns to Oil Marketers to Protect Network Operations During Fuel Supply Strain
Fuel availability has become an operational concern for Safaricom Plc as pressure builds within Kenya’s petroleum distribution chain following instability…
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News
How Safaricom’s Infrastructure Powers State Digital Systems
A growing share of Kenya’s public services now runs through systems linked to Safaricom, extending the company’s influence far beyond…
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BUSINESS
Safaricom Group Service Revenue Hits KES 414 Billion
Safaricom grew Group service revenue to KES 414 billion in the year ended 31 March 2026, as strong performance in…
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News
Safaricom Announces Decode 5.0 As Pan-African AI Supergrid Initiative
Safaricom has announced Decode 5.0, formally titled De{c0}de 5.0: The Rise of Africa’s AI Supergrid, outlining a plan to build…
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TRENDING
Telecom AI Meets Mobile Money in Safaricom–Indosat Deal
The Safaricom–Indosat partnership brings together two operators that arrived at the digital economy from different directions. Indosat Ooredoo Hutchison (IOH)…
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BUSINESS
M-PESA Ethiopia and Gebeya Launch Dala AI Bundle to Democratize AI
M-PESA Ethiopia and Gebeya Inc. have announced the launch of the Dala AI Bundle. This first-of-its-kind subscription service allows Ethiopians…
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News
Safaricom Is Repricing Broadband Around Real Life, Not the Billing Cycle
Safaricom plans to introduce tokenised Wi-Fi with hourly, daily, and weekly access. The move rests on a simple reading of…
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BUSINESS
Kenyan Regulators Back Government’s Safaricom Stake Sale
Kenyan regulatory heads have formally endorsed the government’s plan to divest a 15% stake in Safaricom PLC to the Vodacom…
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News
Why Ruto Is Personally Backing Safaricom and Ethio Telecom’s Regional Expansion Push
When William Ruto and Abiy Ahmed stood together in Addis Ababa, the moment carried more weight than the polite language…
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TRENDING
Government Sells 15% Stake in Safaricom to Vodafone for Ksh 245 Billion
The Government of Kenya has offloaded majority control of Safaricom Plc to Vodafone Kenya Limited in a deal valued at…
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News
How Ethiopia’s Duopoly Turns Everyday Connectivity Into Something Closer to a Power Struggle
The latest round of rural towers from Ethio Telecom looked at first like a standard infrastructure update. One hundred fifty-two…
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BUSINESS
Safaricom Sets Up a Record Bond as Its Network Strategy Deepens
Safaricom’s decision to pursue a Sh40 billion corporate bond marks a significant moment for both the company and the Nairobi…
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TRENDING
M-PESA’s Core Upgrade and the Architecture of Safaricom’s Next Phase
Safaricom has entered a period defined by engineering decisions rather than spectacle. The upgraded M-PESA platform sits at the centre…
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News
Leaders Tackle Escalating Cyber Threats at Safaricom Cybersecurity Summit
Government officials, regulators, and top business leaders gathered in Nairobi today to forge a unified strategy against an escalating wave…
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TRENDING
M-PESA Ethiopia Integrates with EthSwitch, Connects 15 Banks
M-PESA Ethiopia has announced the completion of its integration with EthSwitch, Ethiopia’s national payment network, in a significant move to…
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New Appointments
Safaricom Welcomes Back Stephen Chege as Group Chief External Affairs Officer
Kenya’s leading telco, Safaricom PLC on Friday announced the return of Stephen Chege, who rejoins the company as the Group…
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News
Safaricom’s Sustainability Reporting Set a New Course for Kenyan Firms
When Safaricom released its first Sustainable Business Report in 2012, few Kenyan companies were talking seriously about purpose. The focus…
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News
Safaricom’s Trillion Shilling Impact Marks a Turning Point for Purpose and Profit in Africa’s Tech Landscape
For years, Safaricom has been more than a telecommunications company. It has become a case study in how African businesses…
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BUSINESS
Cabinet Approval Holds the Key as Kenya Prepares to Reduce Government Stake in Safaricom to Raise Billions
The government’s plans to sell a chunk of its 34.9 percent stake in Safaricom, Kenya’s biggest listed company, now rest…
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BUSINESS
Safaricom Surpasses 50 Million Customers in Kenya
Kenya’s leading telco, Safaricom, on Thursday announced a major milestone, surpassing 50 million customers across its mobile network in the…
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BUSINESS
Cynthia Karuri-Kropac Exits Safaricom as Telco Reshapes Its B2B Strategy
Cynthia Karuri-Kropac has left Safaricom. After nearly two years leading the enterprise business unit, she’s exited her role as Chief…
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News
Michael Joseph Post-Safaricom Path: What the Tech Titan Is Pursuing Next
If you say “MJ,” most people think of Michael Jackson or Michael Jordan, depending on your playlist or your sneaker…
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News
Safaricom Expands MSME Credit Solutions: M-PESA Loans to Support Small Businesses in Kenya
Safaricom is shaking up business lending in Kenya with an upgrade to its MSME credit solutions, designed to give small…
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News
Safaricom FY25 Results: M-PESA and Mobile Data Lead the Charge in Kenya and Beyond
Safaricom PLC declared resilient Safaricom FY25 results, showcasing stellar growth despite macroeconomic issues in East Africa. Revenue was up by…
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News
Why Ethio Telecom’s IPO Fell Short – A Deeper Look into Ethiopia’s Telecom Liberalization
Ethiopia’s Ethio Telecom IPO has attracted considerable attention, but its performance has been disappointing. It raised only $24.5 million against…
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News
Ethiopia Tops East Africa’s Mobile Market With 86.6m Subscriptions
Ethiopia has emerged as the largest telecom market in East Africa, with 86.6 million mobile subscriptions – representing 27.49% of…
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BUSINESS
Safaricom’s Mobile Money Service M-Pesa Turns 18
Safaricom’s mobile financial service M-PESA has today marked 18 years since its launch in March 2007. M-PESA is currently available…
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BUSINESS
Safaricom records Sh28.1bn in half year profit
Kenya’s leading telco, Safaricom PLC, has posted a KES 28.1 Billion in net income for the six months ended September…
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News
Safaricom Contributes KES 983 Billion to the Kenyan Economy, As it Celebrates 24 Years
Safaricom contributed KES 983 billion to the Kenyan economy as it sustained 1,283,329 jobs in the last Financial Year. This…
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News
Safaricom’s Chief Information Officer George Njuguna Exits After 5 Years
Safaricom PLC’s Chief Information Officer (CIO) George Njuguna has exited the firm after a 5- year stint According to a…
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News
Mpesa Ethiopia, Dahabshiil, sign diaspora remittance partnership
African money transfer company Dahabshiil has signed a partnership with M-Pesa Safaricom Ethiopia to facilitate remittances for Ethiopian diaspora The…
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BUSINESS
Safaricom Earnings Hit Ksh.140B
Safaricom PLC recorded Ksh.139.9 billion in earnings before interest and tax (EBIT) in the period ending March 31, 2024. The…
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News
Safaricom launches Connect Academy for Fiber Optic Technicians
Safaricom has launched the Connect Academy, a programme that will offer premier industrial training for fibre optic technicians. Launched on…
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BUSINESS
M-PESA partners with Onafriq for international remittances to Ethiopia
Safaricom has today announced an International Money Transfer Agreement with Onafriq, Africa’s digital payments network to help streamline remittance flows…
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News
Is Ethiopia Africa’s sleeping fintech giant?
The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups…
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News
Why Launch of M-PESA Ethiopia is set to ignite a financial revolution in one of Africa’s biggest economy
A recent report by the GSMA dubbed State of the Industry Report on Mobile Money 2023 underscores how mobile money…
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News
Michael Joseph resigns from Safaricom board
Michael Joseph has resigned as a Director on the Board of Safaricom, the telco giant announced on Tuesday. In a…
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BUSINESS
Safaricom M-PESA revenue hits Ksh.117.2 billion
M-PESA continues to be one of the biggest revenue streams for Safaricom. In the full year ended March 2023, the…
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BUSINESS
Safaricom records a 22.2% decline in net profit
Kenya’s leading telco Safaricom net profit stood at Ksh.52.48 billion in the full year ended March 2023, down from Ksh.67.49…
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News
Ethiopia sets $150 million license fee for M-pesa entry
The telecommunications landscape in Ethiopia has largely lagged behind its neighbors, owing to strict observance of monopolistic regulations. Until Safaricom…
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News
Increased taxation on SIM Cards and phones eat into Safaricom’s half-year profits
In the Finance Act 2022, the government of Kenya imposed a 10% excise duty on the importation of cellular phones…
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News
New Mobile Termination Rates affected Safaricom’s half-year results
In August this year, the Communication Authority (CA) introduced new Fixed and Mobile Termination Rates (FTR and MTR). These are…
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BUSINESS
Safaricom’s M-Pesa revenue hit Ksh 107.69 Billion
Safaricom M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion. This is according to the telco’s Full Year 2021/2022…
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News
Safaricom’s Chief of Special Projects Retires After 17 Years
Safaricom’s long-serving Chief of Special Projects Joe Ogutu is set to retire after serving the company for 17 years. Ogutu,…
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News
Safaricom’s Diversity and Inclusion initiatives recognized at Zero Project Awards
Kenya’s leading telco Safaricom has been named among the recipients of the 2022 Zero Project Award. The award recognizes innovative…
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News
Safaricom’s Chief Corporate Affairs Officer Steve Chege joins Vodacom Group
Safaricom’s Chief Corporate Affairs Officer Stephen Chege is joining Vodacom Group. According to a statement by Safaricom, Steve will be…
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