AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. "We are extremely pleased with what we have been able to achieve as a group despite the significant startup costs in our Ethiopia business," Group CEO Peter Ndegwa told an investor briefing.Safaricom's active customer base in Ethiopia doubled to 4.4 million, he said. "In Kenya, like many other companies, we faced major macroeconomic challenges. High inflation, a weakening shilling, effects of the prolonged drought and rising taxes," Khawaja said. "We pressed on with our expansion in Ethiopia and took all the startup obstacles in our stride," he said.

Source: Ethiopian News May 09, 2024 10:54 UTC