Investors are also betting on the company’s aggressive expansion as it aims to transition from a telecommunications company to a purpose-led technology firm.
The telco and its parent companies, Vodafone and Vodacom have formed a joint investment vehicle dubbed Global Partnership For Ethiopia through which they are bidding for one of two telecommunications licences being auctioned in that country
With the unit trust product, customers will be able to make small payments via M-Pesa to be placed in a collective scheme for investments in assets like stocks, fixed bank deposit and government securities.
