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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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Telkom has released its financial results – ending 31 March 2021. The telco saw the lion’s share of its income made up by “next-generation technologies” like its mobile business. Growth, driven by the mobile business, saw EBITDA grow 11.7% to R11 973 million, with EBITDA margin expanding by 2.8 ppts to 27.7%. Despite a challenging...

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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...