Safaricom shareholders approve plan for Ethiopia operations in 2022

By The Weekly Vision

Safaricom shareholders gave their nod for the setting up and incorporation of the Safaricom Telecommunications Ethiopia PLC, the company that will begin operation in Ethiopia by next year.

Safaricom Telecommunications Ethiopia PLC was set up early this month after the consortium led by Safaricom was awarded licence to operate telecommunication services in Ethiopia.

The Global Partnership for Ethiopia consortium brings together Vodacom Group, Vodafone Group, Sumitomo Corporation and CDC Group.

Mr Anwar Soussa was appointed the Managing Director to lead setting up of the operations, he will report to the board of directors of the Safaricom Telecommunications Ethiopia PLC and Peter Ndegwa, Safaricom PLC Chief Executive Officer (CEO). Safaricom Telecommunications Ethiopia PLC is expected to positively impact the economic and social lives of Africa’s second-largest country, Ethiopia, home to over 112 million people.

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