Tag: Safaricom Ethiopia
Safaricom half year profit strong performance comes on the backdrop of a price reduction in Kenya business allowing customers to do more for less.
Michael Joseph resigns as a director of Safaricom board, with effect from 1st August 2023, touching off speculation that he could be headed for a bigger role at Safaricom Ethiopia.
Safaricom is back to the drawing board to find a substantive leader for its Ethiopian subsidiary after it emerged the current CEO, Mr Anwar Soussa, will be exiting at the end of July this year.
In Kenya, NCBA in partnership with Safaricom have achieved incredible success with their M-Shwari loans and Fuliza overdraft service.
Safaricom is gearing up to launch M-Pesa mobile money transfer service in Ethiopia as the company’s operations take root in one of Africa’s lucrative economies.
Safaricom Ethiopia Service Revenue for the period ended 30th September 2022 was Ksh9.1 million while Total Revenue including handsets sales was Ksh98.3 million.
Reports that former State House Chief of Staff Nzioka Waita has been appointed deputy CEO for Safaricom Ethiopia are false.
The consortium includes Safaricom, Vodacom Group, Vodafone Group, Sumitomo Corporation, CDC Group and the IFC. Vodacom Group CEO Shameel Joosub was among those present at the ceremony on October 6, hailing it as an 'exciting moment in Ethiopia’s history'.
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