Browsing: kenya ethiopian trade

NAIROBI, Kenya, Jun 9 – East and Central Africa’s most profitable company Safaricom will help transform Ethiopia by positively impacting most sectors of the 112 million population economy.

This is according to Kenya’s President Uhuru Kenyatta who says the Kenyan telco’s entry into Ethiopia will help the economy make even greater strides in its areas of strength.

These include digital presence, mobile money, telephony, data and fibre connectivity, and business solutions among others.

Kenyatta spoke on Tuesday in Addis Ababa during the issuance of an operation license to the Safaricom led Global Partnership for Ethiopia consortium which won a Sh91.8 billion bid to operate in the country.

The licences are expected to bring an infusion of cash, jobs and infrastructure investment.

The consortium won a 15-year license in a competitive bidding process making it the first private telecoms player in the country.

It brings together Kenya’s Safaricom, South Africa’s Vodacom, …