Source: SafaricomSafaricom (NSE: SCOM) Telecommunications Ethiopia has today officially been granted the license to operate mobile money services in Ethiopia. Peter Ndegwa, Safaricom PLC CEO said: “We are excited that this is a great milestone following our entry into Ethiopia. Mr Ndegwa spoke during the announcement of the Full Year 2022/2023 results, which saw net income increase by 3.0% to KES 74.5 billion for Safaricom Kenya. Voice service revenue declined by 2.6% to KES 81.1 billion; mobile data revenue grew by 11.4% to KES 54.0 billion, while M-PESA revenue grew by 8.8% to KES 117.2 billion. One-month active M-PESA customers 5.2% to 32.1Mn.

Source: Ethiopian News May 18, 2023 20:19 UTC