M-Pesa, Africa’s largest fintech platform, has registered 1.2 million M-Pesa members in Ethiopia since starting the mobile money service two months ago. On Thursday, the telco confirmed this during the release of its 2023/2024 half year results. M-PESA went live in Ethiopia on August 16th, after the National Bank of Ethiopia’s approval of the licence....
Telecommunications Ethiopia, a name synonymous with innovation and connectivity, has achieved yet another milestone. In a groundbreaking move, the company was officially granted the license to operate mobile money services in Ethiopia on 11 May 2023. This monumental achievement came a mere seven months after the commercial launch of GSM services, opening the door to...
Safaricom, Kenya’s biggest telecoms operator, is finally launching its pioneering mobile money service in Ethiopia, Africa’s second-largest country by population and one hailed as “the last frontier” for digital banking. M-Pesa, which allows people to store and send money by phone, has been credited with bringing tens of millions of unbanked Kenyans into the financial system and...
M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has undergone a rigorous three-month pilot and testing, completed the technical readiness, secured key partnerships with Banks, recruited, trained, and onboarded M-PESA agents. All Safaricom Ethiopia...
Safaricom Telecommunications Ethiopia PLC (STEP) gets a new Chief Executive Officer to replace its outgoing CEO, Anwar Soussa, who will depart the company effective 31st July 2023. The telecommunication company announced that Wim Vanhelleputte will be the new CEO effective 1st September 2023. “Wim brings extensive leadership experience and deep industry knowledge, having worked in the telecommunications industry across...
Safaricom Telecommunications Ethiopia (STE) will lose Anwar Soussa, its first Chief Executive, at the end of next month. STE is yet to announce a replacement for Soussa. He joined in July 2021 when the operator was first established, marking Ethiopia’s first new market entrant after the state permitted mobile licences. At the time, Vodacom CEO Shameel Joosub...
Safaricom Ethiopia has expressed appreciation to the Government of Ethiopia for its support in undertaking telecom and financial services in the country. Safaricom Ethiopia Chief Enterprise Business Officer, Chris Lazarus told ENA that “the first message we continue to give to the outside investment is the support that we are receiving from the government, first...
Seven months after the official launch of its activities in the country, the mobile operator Safaricom Ethiopia believes that it has gained visibility among local consumers. While it pursues an aggressive commercial campaign in voice and data, new services are in the making. The telecommunications company Safaricom Ethiopia announced, this Thursday, May 11, the obtaining of...
Safaricom has revealed that its mobile money service M-Pesa will go live in Ethiopia this year. Dilip Pal, Safaricom’s chief financial officer in an OPED published in the Standard.co.ke said the launch will significantly grow financial inclusion in the country which currently stands at about 35 percent. ‘’Ultimately, this will help to improve access to financial services hence spur...
While a national consumer promotion would not normally be big news on these pages, the recently announced promotion by new market entrant Safaricom Ethiopia is possibly more significant than most. Safaricom Ethiopia has this week launched its first national consumer promotion, one that will see over one million customers rewarded for joining and using products and services on the new network. The 13-week promotion will...
