Safaricom Africa
Safaricom Appoints New Chief Enterprise Business Officer
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Safaricom Builds Ethiopian Data Centre Worth $100M With 2 More on the Way
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Safaricom to Bank $481-Million from Kenya Power Meter Deal
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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...
MTN Plans to Build New ICT Centre in Ghana
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Group CEO Ralph Mupita has made a three-day visit to Ghana and launched major projects that the operator aims to achieve by 2022, Ecofin reported. It intends to improve and expand network infrastructure to bring quality telecom services to rural areas and supporting Ghana’s QR code project and other digital initiatives such as combating cyber-attacks and developing women’s participation in ICT, he said. Mupita also revealed MTN’s intention to build an ICT centre in Ghana and finalise the opening of 30% of MTN Ghana’s capital to local investors by the end of the year. MTN plans to open up 30% of the capital MobileMoney by January 2022, too. Since March, the company has initiated a strategic repositioning to attract third-party capita...
Safaricom Eyes an Opportunity to Expand into Ethiopia
Sourced from CGTN. Safaricom PLC is planning to extend its reach into Ethiopia, Kenya’s northern neighbour. Although not initially successful with its first few attempts, new changes within the Ethiopian government may prove beneficial for the mobile carrier to finally establish a presence within the country. Last month, the Ethiopian government said that it would be impossible for Safaricom’s M-PESA service to have any space in the market. The Ethiopian central bank about reiterated that no foreign financial institutions would be allowed to offer mobile money services in the country. Now, the good news for Safaricom is that the company was recently offered a window to buy into Ethio Telecom, the country’s mass-monopoly provider whose privatisation process is currently underway. This is on...
