Safaricom Chief Executive Officer (CEO) Peter Ndegwa says the firm’s plan to launch commercial operations in Ethiopia is on course despite the political uncertainties necessitated by the ongoing Tigray conflict.
Ndegwa said Safaricom Ethiopia PLC, a subsidiary of Safaricom PLC, is already setting up operations ahead of the commercial launch scheduled for mid-2022 even while he admitted that the “telco’s breakeven targets may be impacted by the current conflict .”
The shake-up of the potentially lucrative sector — currently dominated by state-owned Ethio Telecom — is a cornerstone of Prime Minister Abiy Ahmed’s economic reform agenda.
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