Ethiopia
South African telecommunications company, has reaffirmed its interest in the Ethiopian market, saying it could exploit the opportunities here, using its Kenyan associate company, Safaricom.
According to Vodacom’s CEO, Shameel Joosub, Ethiopia which announced in June that it will open its state-run telecoms monopoly to foreign investors, is “probably the most attractive” potential new market for Vodacom.
“But the opportunities are not that clear yet — there are indications that Ethiopia will issue additional licences, and potentially take in a strategic partner for the existing [government-owned] Ethio Telecom, but there’s nothing yet in terms of actual processes and so on,” Joosub said.
Vodacom’s entry into the Ethiopian market, would diversify its earnings that are heavily reliant on the South African market.
READ MORE: South Africa telcoms MTN, Vodacom welcome Ethiopia’s liberalisation moveThe East African nation of 105-million people is Africa’s most populous country after Nigeria. The International Monetary Fund (IMF) expects Ethiopia to grow at 8.5% in 2018, making it the fastest-growing economy in Sub-Saharan Africa.
Ethiopians could soon enjoy the services of M-Pesa from Kenya’s Safaricom https://t.co/IMlqqSnHZQ
— africanews (@africanews) July 17, 2018
Go to video
Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
11:07
The economic effects of child labor in artisanal fishing (Business Africa)
01:53
Wet weather and disease hit African cocoa farmers, push up prices
Go to video
Kenya: President Ruto welcomes Abiy Ahmed in state visit to Nairobi as bilateral ties improve
11:06
Zambia pushes for deal on unresolved debt [Business Africa]
Go to video
Somalia announces deal with Turkey to deter Ethiopia's access to sea through a breakaway region