Safaricom Shareholders Approve Plans to Enter Ethopian Market

Safaricom Shareholders Approve Plans to Enter Ethopian Market

Peter Ndegwa, Safaricom CEO Image Credit: Safarricom

Safaricom shareholders have given their nod for the setting up and incorporation of the Safaricom Telecommunications Ethiopia, the company that will begin operation in Ethiopia by next year, announced the operator last week.

Safaricom Telecommunications Ethiopia was set up early this month after the consortium led by Safaricom was awarded licence to operate telecommunication services in Ethiopia.

The Global Partnership for Ethiopia consortium brings together Vodacom Group, Vodafone Group, Sumitomo and CDC Group. The companies from Kenya, South Africa, Japan and The United Kingdom have proven experience in telecommunications with large-scale network deployment capabilities, operations and service provision.

Anwar Soussa, appointed the Managing Director to lead setting up of the operations, will report to the board of directors of the Safaricom Telecommunications Ethiopia and Peter Ndegwa, Safaricom CEO. Safaricom Telecommunications Ethiopia is expected to create digital transformation that will positively impact the economic and social lives of Africa’s second-largest country, Ethiopia, home to over 112 million people.

Peter Ndegwa, Safaricom CEO
We are proud to lead this partnership that will provide quality and affordable mobile and internet connectivity to enable more Ethiopians to access quality telecommunications services. Even as we start operations in Ethiopia, we pledge to continue investing in our country ensuring to always offer our customers superior network connectivity and efficiently enhance our network, products and services.

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