US sanction waiver saves Safaricom Ethiopia deal

safaricom plc


Business Daily | by Patrick Alushula


A consortium led by Safaricom has received a boost after their US financier was granted a special approval to fund the telcos’ entry into Ethiopia amid America’s economic sanctions against Addis Ababa.

The Ethiopia expansion had been complicated by the US International Development Finance Corporation (DFC) pausing of investments in…

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