Safaricom, the largest telecommunications provider in Kenya, is set to launch commercial operations in Ethiopia later this year. This announcement was made by Safaricom CEO Peter Ndegwa while sharing the telco’s financial statement for the year ended March 31, 2022, last week. Voice service revenue grew by 0.8% to KES 83.21 billion ($720 million); mobile data revenue grew by 8.1% to KES 48.44 billion ($420 million), while M-PESA revenue grew by 30.3% to KES 107.69 billion ($930,000). Safaricom Ethiopia plans to bring mobile financial services to Ethiopia. In April, Ethiopia started changing its national payments law to enable Safaricom to introduce M-PESA in the country.
Source: Ethiopian News May 18, 2022 05:59 UTC