Safaricom to Operate in Ethiopia

Image sourced from Techweez Safaricom, alongside parent company Vodafone, has been awarded one operating licence by Ethiopia’s telecommunications regulator. The telco is expected to pay $850 million for the licence. In a tweet, Prime Minister Abiy Ahmed says “The Council of Ministers has unanimously made a historic decision today allowing Ethiopian Communications Authority to grant a new nationwide telecom license to the Global Partnership for Ethiopia which offered the highest licensing fee and a very solid investment case.” According to Reuters, the consortium – led by Safaricom – plans to invest up to $8.5 billion in infrastructure as well as create up to one and a half million jobs. Ahmed adds, “with over $8 billion total investment, this will be the single largest FDI into Ethiop...