Safaricom expansion plans to Ethiopia: Safaricom has been planning to expand to the Ethiopian market for a while now. When the company announced its first-half profit last week, recording massive profits, Peter Ndegwa, the telco’s CEO said they plan to bid for a licence to operate in the country in partnership with South Africa’s Vodacom.
Safaricom and Vodacom also recently announced that they had now completed the full acquisition of the M-PESA brand from Vodafone through a newly-created joint venture.
The transaction, which was first announced in 2019, will accelerate M-PESA’s growth in Africa by giving both Vodacom and Safaricom full control of the M-PESA brand, product development and support services as well as the opportunity to expand M-PESA into new African markets.
#TechTrendsChats with Safaricom PLC CEO, Peter Ndegwa. Talking about these expansion plans to Ethiopia and the rest of Africa. Subscribe and listen to the chat below.
- Read >>Safaricom’s M-PESA revenues from betting declined by Ksh.1.9B
- Read >>Free Cash Transfers Cost Safaricom Ksh.650 Million In losses In March
- Read >>Safaricom partners with Visa to develop M-Pesa products for customers and merchants
#TechTrendsChats is our new short interview segment where we get to engage different brands and tech industry leaders about their products and services. You can also listen to the chat on all our social media pages below.
Want to be featured? Email email@example.com.