Sharp Daily
No Result
View All Result
Wednesday, July 2, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Safaricom Set To Unveil M-Pesa Services In Ethiopia

Sarah Wamaitha by Sarah Wamaitha
February 17, 2023
in News
Reading Time: 2 mins read
Safaricom CEO Peter Ndegwa

Safaricom CEO Peter Ndegwa [Photo/Courtesy]

Safaricom Telecommunications Ethiopia PLC, CEO Anwar Soussa, announced Safaricom Ethiopia is putting the final touches on introducing M-Pesa in the horn of Africa market starting April this year while Speaking during the Safaricom, Investors Day held on 16th February 2023 in Nairobi. 

“Our growth trajectory is even more exciting for us as we look forward to offering financial services through M-PESA. We are finalizing our commercial and technical readiness and we expect to launch operations within the upcoming financial year,” he said.

Anwar also mentioned in his business update that as of February 2023, Safaricom Telecommunications Ethiopia PLC had onboarded 28,000 retailers, 103 distributor shops, and 5,000 acquisition agents.

Read:20,000 Customers Joining Safaricom Ethiopia Daily – Peter Ndegwa

RELATEDPOSTS

Artificial intelligence: Kenya’s next frontier for innovation

January 29, 2025

The case for governments enabling, not competing with, private enterprises

January 7, 2025

He continued to add that it had penetrated about 10% of the population, equivalent to over 11 million people, and had 847 network sites in 25 cities. The company’s client gross additions had also surpassed the 2 million mark.

Safaricom Ethiopia launched its network and services in the city of Hawassa as it also expanded its services to the cities of Assela, Jigjiga, Sodo, and Dilla.

Safaricom Ethiopia now has a network presence in 21 cities across the nation, including Dire Dawa, Harar, Haramaya, Adama, Bahir Dar, Bishoftu, Mojo, Debre Birhan, Awoday, Gondar, Addis Abeba, Sebeta, Dessie, Kombolcha, Jimma, Shashemene, Dilla, Sodo, Jigjiga, Assela, and Hawassa

Safaricom registered its first revenue from its Ethiopia operations in its first reporting cycle since the launch of its commercial operations.

Read:Safaricom Ethiopia Switches On Network In 5 more Cities

Safaricom Ethiopia Service Revenue for the period ended September 30th, 2022 was  Ksh9.1 million while total revenue including handsets sales was Ksh98.3 million.

Safaricom CEO Peter Ndegwa noted that Safaricom had invested over USD 598 million in Ethiopia operations and was encouraged by the early uptake of its services, great customer feedback on the quality of their data experience, and the revenue contribution by the Ethiopia unit.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Bolt Set To Invest KSH 67 Billion Across Africa In The Next Two Years

Next Post

How Poor Health Affects The Economy Of A Country

Sarah Wamaitha

Sarah Wamaitha

Related Posts

News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025

LATEST STORIES

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024