Safaricom shareholders approve plan for Ethiopia operations in 2022
August 2nd 2021
Safaricom shareholders have approved the setting up and incorporation of the Safaricom Telecommunications Ethiopia, which will begin operation by 2022. Safaricom Telecommunications Ethiopia was set up in early July after the consortium led by Safaricom was awarded the licence to operate telecommunication services in Ethiopia. The Global Partnership for Ethiopia consortium brings together Vodacom Group, Vodafone Group, Sumitomo Corporation and CDC Group.
The companies from Kenya, South Africa, Japan and the UK have proven experience in telecommunications with large-scale network deployment capabilities, operations and service provision. Anwar Soussa, appointed the managing director to lead establishment of the operations will report to the board of directors of Safaricom Telecommunications Ethiopia and Safaricom CEO Peter Ndegwa.
Safaricom Telecommunications Ethiopia is expected to create digital transformation that will positively affect the economic and social lives of Africa’s second-largest country, Ethiopia, home to over 112 million people.
Speaking at Safaricom’s annual general meeting, board chairman Michael Joseph expressed confidence in the company’s ability to build a top-quality mobile network that will enable Ethiopia to access a world-class array of digital services. Joseph said the board is committed to working with management to deliver value to its shareholders. Ndegwa said entry into Ethiopia has brought to life the company’s dream to expand beyond Kenya.
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