Vodafone UK
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...
UK Cybersecurity Review May Mean the End for Huawei 5G Deal
Sourced from Getty Images. The UK’s National Cybersecurity Agency is expected to conclude that US sanctions against Huawei will make it impossible to use the Chinese company’s technology as planned for implementation of 5G throughout the country. Announced on Sunday, this emergency review is designed to pave the way for the country’s government to push for the total elimination of Huawei equipment in British phone networks by 2023, while also having the political consequence in dispersing a Conservative backbench revolt. The Guardian reports that this move will amount to a hasty reversal of the policy announced by ministers in January to limit Huawei to 35% of the British 5G network supply. The move likewise may irritate China, and add hundreds of millions in costs to UK-based BT and other...
