Safaricom’s Second Investor Day Highlights Growth Plans and Progress in Ethiopian Market

Safaricom PLC held its second Investor Day in Addis Ababa, providing an opportunity for the investment community to gain insights into the company’s achievements and future plans as well as see the progress so far in Ethiopia roll out. The investor day, themed ” Scaling Operations for Ethiopia’s Digital Future,” brought together 150 attendees comprised...

Vodafone partners with Microsoft to accelerate M-Pesa development using AI and cloud

M-Pesa, the mobile payment platform of Vodacom and Safaricom, will benefit from the support of American technology company Microsoft to accelerate its development using artificial intelligence (AI) and the cloud. This is part of the clauses of a partnership agreement signed on Tuesday, January 16, between Microsoft and the British company Vodafone, parent company of Vodacom....

Ethiopia: M-Pesa, Chapa form an alliance targeting Ethiopian merchants

Chapa, an Ethiopian fintech, has teamed with Safaricom M-Pesa Mobile Financial Services to offer M-Pesa services through its payment aggregator platform. The companies announced the yesterday, saying that it will make transactions easier for both merchants and M-Pesa clients in the Ethiopian market. Since its launch a few months ago, M-Pesa, Africa’s largest fintech platform,...

Ethiopian fintechs, bank partner to offer digital lending service

Ezra, a micro-lending fintech, has collaborated with Kacha Digital Financial Services S.C. and Global Bank of Ethiopia to develop an Ethiopian digital lending service. According to the parties, this new collaboration with Ezra illustrates both firms’ shared commitment to offering inclusive services that benefit financially underserved areas. Ezra collaborated with Kacha to create a Platform...

Ethiopia: Orange withdraws from the process of acquiring a stake of up to 45% in Ethio Telecom

Orange had expressed, as early as July 2021, its interest in acquiring 40% in Ethio Telecom, but the process was postponed until March 2022 before finally being relaunched in November. Last March, the French company reiterated its interest in the Ethiopian telecoms market. French telecommunications company Orange has decided to withdraw from the race to acquire...

Ethiopia once again suspends the process of awarding the second private telecoms license

The process of awarding Ethiopia’s second private telecommunications license was launched in September 2021, then suspended in December of the same year. It was finally relaunched in November 2022. Ethiopia has canceled the procedure for awarding the second private telecommunications license (License B), Reuters reports . The news agency quotes Hinjat Shamil, a senior advisor at the Finance Ministry,...

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