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
01:54
"Great economic potential in Africa": five African leaders have lunch with Trump
Go to video
Cameroon imposes significant penalties on Telecom giants Orange and MTN
01:13
China and Ethiopia reaffirm alliance at meeting on sidelies of BRICS summit
11:19
Cyber Africa Forum highlights Benin's bold digital resilience [Business Africa]
Go to video
World Bank grants South Africa $1.5B for infrastructure, green energy
11:16
Angola hosts U.S.-Africa summit amid calls to revive trade ties {Business Africa}