Safaricom Ethiopia
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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
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
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
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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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 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
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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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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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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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
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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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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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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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 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
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 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 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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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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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
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
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
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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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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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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COLUMNS
Dilip Pal: The Telecommunications Greenfield Conundrum
For most businesses, expansion, especially to a new geographical area is both an exciting but also expensive and nerve-wrecking process.…
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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
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
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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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
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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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 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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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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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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