Safaricom Telecommunications Ethiopia


Safaricom Telecommunications Ethiopia Plc, previously known as Global Partnership for Ethiopia BV (GPE), is an SPV awarded a licence to operate telecom services in Ethiopia[2] at a license fee of US$850 million.[3] This fee made it the single largest foreign direct investment into Ethiopia.[3][4] The firm is expected to roll out telephony services from 2022.[5]

Safaricom Telecommunications Ethiopia Plc
Safaricom Telecommunications Ethiopia
TypeSubsidiary of Safaricom
IndustryTelecommunications
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

Shareholding

As of 25 May 2021, the shareholding of GPE was expected to be as follows:[6][5]

GPE proposed ownership
RankName of OwnerCountryPercentage Ownership
1SafaricomKenya55.70
2Sumitomo CorporationJapan27.20
3CDC GroupUK10.90
4VodacomSouth Africa6.20
Total100.00

See also

References
  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. "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. "Global consortium wins Ethiopia's telecom license for $850M". 22 May 2021. Retrieved 25 May 2021.
  5. Juma, Victor (25 May 2021). "Safaricom reveals ownership of Ethiopia venture". Retrieved 25 May 2021.
  6. Muiruri, Kepha (25 May 2021). "Safaricom to commence operations in Ethiopia next year". Citizen Digital. Citizen TV. Retrieved 25 May 2021.
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