US delays Sh54bn loan for Safaricom Ethiopia entry

safaricom plc


Business Daily | by Brian Ngugi


A US government agency has delayed the disbursement of a $500million (Sh53.97 billion) loan to finance the entry of a Safaricom-led consortium into the Ethiopian telecoms market, citing uncertainty over the ongoing unrest in the country’s Tigray region.

The US International Development Finance Corporation (DFC) said it was still…

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