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Safaricom Pulls Staff Out of Ethiopia As War Nears the Capital City

Demonstrators take part in a rally in Addis Ababa, Ethiopia, on November 7, 2021, in support of the national defense forces. Image sourced from Eduardo Soteras, AFP via Business Daily Africa. East Africa’s leading telecom company Safaricom has reportedly evacuated some of its employees from Ethiopia, fearing disruption to its operations due to the ongoing armed conflict and civil unrest in the horn of Africa country. The firm evacuated employees from the country on Wednesday and Friday. Safaricom is part of a larger consortium that is aiming to start operations in Ethiopia sometime next year, after months of negotations with the Ethiopian government. The Safaricom consortium was awarded an operating license in the country by the government for an initial period of 15 years. A number of nat...