Ethiopia War
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...
Could Ethiopia Ban Facebook After It Deleted PM Abiy Ahmed’s Post?
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Safaricom’s Plans in Ethiopia Hit Snag Due to Possible US Payment Ban
Image sourced from Techweez Safaricom’s plans to expand into Ethiopia have hit a complication as a US State financier is threatening to recall its loans to a Safaricom-led consortium following an escalation of armed conflict in the horn of Africa. The US International Development Finance Corporation (DFC) says that acts of violence against civilians in Ethiopia’s Tigray region could affect the release of $500-million in loans to the consortium. If the conflict deepens, it could push the DFC to forgo the investments altogether and pressure the telecoms in the consortium to seek finances from elsewhere. War in Tigray DFC’s financing of the consortium had previously been thrown into doubt over US economic sanctions against Ethiopia related to the ongoing conflict in Tigray, which has killed t...
