Home Business Safaricom invests initial Sh67bn in Ethiopia unit

Safaricom invests initial Sh67bn in Ethiopia unit

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Nation | by Victor Juma


Safaricom is investing an initial Sh67 billion ($600 million) in Ethiopia where it is setting up a new telecommunications operation in partnership with other firms, including its parent company, Vodacom Group.

The amount represents the telco’s contribution to the start-up costs and operating licence for, which the consortium paid $850 million (Sh94.9 billion)…

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