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Global Partnership for Ethiopia has incorporated and registered its local company Safaricom Telecommunications Ethiopia PLC after it was granted a telecommunications operator license. According to the Ethiopian Communications Authority, the Telco also has 45 days to incorporate a local company and execute the Provisional License Agreement executed by the parent company within three working days....

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The Ethiopian Communications Authority (ECA) has confirmed it has now issued the country’s new communications licence. In a press release announcing the development, the regulator noted that, pursuant to Articles 40 and 41 of the Tender Regulations, the designated licensee – Global Partnership for Ethiopia – had been required to incorporate a local company within...

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Kenya’s Safaricom has launched a new version of its M-Pesa app with features that will enable seamless mobile money payments for customers and businesses alike. Speaking at the launch of the Super App, Safaricom’s CEO Peter Ndegwa said that the focus for the telco is to develop digital-first experiences on the growing smartphone penetration in...

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Safaricom has been granted a license to operate in Ethiopia after a successful bid through the Global Partnership for Ethiopia consortium. In addition to Safaricom, the consortium is comprised of Vodacom Group; Vodafone Group; Sumitomo Corporation – an established international trading and business investment company; and CDC Group – the UK’s development finance institution and...

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Safaricom, Kenya’s biggest telecommunications operator, posted a drop in its full-year core earnings as the impact of the Covid-19 pandemic cut revenue from financial services and calls, though it predicted a recovery based on second-half numbers. The firm, partly owned by South Africa’s Vodacom and Britain’s Vodafone, said on Thursday its earnings before interest and taxes...