Safaricom Telecommunications Ethiopia

Safaricom Telecommunications Ethiopia P.L.C.
ሳፋሪኮም ቴሌኮሙኒኬሽን ኢትዮጵያ ፒ.ኤል.ሲ.
Safaricom Telecommunications Ethiopia
Company typeSubsidiary of Safaricom
IndustryTelecommunications
Founded9 July 2021; 3 years ago (2021-07-09)
HeadquartersAddis Ababa, Ethiopia
Key people
Anwar Soussa
Chief Executive Officer and Managing Director[1]
ProductsG.S.M related products and Mobile Money Transfer
Brands
  • M-Pesa
  • Masoko (e-commerce)
  • Fuliza
  • DigiFarm
  • M-Shwari
Services
WebsiteHomepage

Safaricom Telecommunications Ethiopia P.L.C. (STE), previously known as Global Partnership for Ethiopia BV (GPE), is a subsidiary of the Kenyan mobile operator Safaricom in Ethiopia,[2] licensed with fee of US$850 million on 9 July 2021.[3][4] This fee made it the single largest foreign direct investment into Ethiopia.[3][5] The firm roll out telephony services from 2022.[6][7][8]

  1. ^ Bonface Otieno (5 July 2021). "Vodacom DRC chief to head Safaricom's Ethiopian unit". Business Daily Africa. Nairobi, Kenya. Retrieved 18 July 2021.
  2. ^ "GLOBAL PARTNERSHIP FOR ETHIOPIA WELCOMES LICENCE AWARD TO OPERATE TELECOM SERVICES IN ETHIOPIA". 24 May 2021. Retrieved 25 May 2021.
  3. ^ a b "The Council of Minister of Ethiopia today announced accepting the $850 million license fee offer of Global Partnership for Ethiopia, a consortium of major international telecom service providers". 22 May 2021. Retrieved 25 May 2021.
  4. ^ karen (7 October 2022). "Safaricom Launches Operations in Ethiopia". Telecom Review Africa. Retrieved 6 April 2024.
  5. ^ "Global consortium wins Ethiopia's telecom license for $850M". 22 May 2021. Retrieved 25 May 2021.
  6. ^ Juma, Victor (25 May 2021). "Safaricom reveals ownership of Ethiopia venture". Retrieved 25 May 2021.
  7. ^ "ሳፋሪኮም ኢትዮጵያ አገልግሎት መስጠት መጀመሩን ይፋ አደረገ". BBC News. 6 October 2022.
  8. ^ "ሳፋሪኮም ኢትዮጵያ በአዲስ አበባ የኔትዎርክ አገልግሎት መስጠት ጀመረ". Special Broadcasting Service. 7 October 2022.