Safaricomethiopia

M-PESA Safaricom Launches an automobile rewards for customers

M-PESA Safaricom Launches an automobile rewards for customers

M-PESA Safaricom Launches "Terek Be M-PESA" to Reward Over One Million Customers M-PESA Safaricom has announced the launch of a 90-day National Lucky Draw Promotion, named "Terek Be M-PESA," designed to reward over one million M-PESA customers, agents, and merchants. This promotional campaign is set to run from December 11, 2023, to March 11, 2024. The primary objective of Terek Be M-PESA is to raise awareness about M-PESA and boost its usage. Participants, both customers and businesses, stand a chance to win various prizes by receiving unique codes upon registering and conducting transactions on the M-PESA platform. The enticing prizes…
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Safaricom Ethiopia plans to invest $2 billion for network expansion

Safaricom Ethiopia plans to invest $2 billion for network expansion

Safaricom Ethiopia’s half year performance results of FY2023 indicate a strong performance reinforcing a solid commercial momentum, achieving majormilestones in both mobile (GSM) and M-PESA services. During the first half of the FY2023, the 07 network and services expanded to 26 large & medium cities & 254 small cities and towns, with a population coverage of 30%. Major focus and priority have been afforded to infrastructure roll out; to date, 2057 network sites have been erected, with an accelerated monthly pace of 150 new towers. The company said that, to reach our customers closely, our distribution channel has grown to…
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Safaricom Ethiopia to provide telecom services in Tigray

Safaricom Ethiopia to provide telecom services in Tigray

Safaricom Ethiopia has announced that network and infrastructure development in the Tigray region will begin in the coming weeks. Safaricom, which entered the Ethiopian market two years ago, has been offering its telecom services to its customers throughout the country except for the Tigray region. This company, which was unable to provide its telecom services due to the war in northern Ethiopia. The CEO of Safaricom Ethiopia, Wim VanHelleput, went to the Tigray region and discussed with the leaders of the interim administration of the region, the organization announced on its social media page. In the coming weeks, he held…
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Safaricom Ethiopia goes live wih M-PESA

Safaricom Ethiopia goes live wih M-PESA

M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has undergone a rigorous three-month pilot and testing, completed the technical readiness, secured key partnerships with Banks, recruited, trained, and onboarded M-PESA agents. All Safaricom Ethiopia customers are eligible for the services offered by M-PESA and can dial *733# on their Safaricom line both for android and IOS. The app is currently ready in 5 languages for android devices and available on play store; and will be available for IOS devices…
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Safaricom receives $257 million to boost digital financing in Ethiopia

Safaricom receives $257 million to boost digital financing in Ethiopia

Safaricom Ethiopia is set to receive funds from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group. The company will receive support in the form of full equity investment, a loan and guarantees to support the on-going construction and operation of their greenfield telecommunications network to drive digital connectivity across Ethiopia. The deal between the two parties was officially closed two months after the IFC's agreement to invest $157.4 million in equity in Global Partnership for Ethiopia BV (GPE) and a $100 million A-loan into its subsidiary, Safaricom Ethiopia Plc. “The progress…
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Wim Vanhelleputte appointed as Safaricom Ethiopia Head

Wim Vanhelleputte appointed as Safaricom Ethiopia Head

Former MTN Uganda CEO Named as new safaricom Ethiopia head Safaricom has appointed Wim Vanhelleputte as CEO of its Ethiopia business from September, an internal memo on Tuesday shows, Reuters reported. Vanhelleputte, who joins from SA’s MTN Group where he served in various roles over the years, including as CEO of MTN Uganda, will replace Anwar Soussa, who will leave his post at the end of July. The Belgian national will be in charge of delivering the company’s ambitious growth targets in the vast market where it started operations in 2022. Apart from signing on new subscribers, Safaricom is also…
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Safaricom Ethiopia CEO Anwar Soussa leaves office

Safaricom Ethiopia CEO Anwar Soussa leaves office

Anwar Soussa came to Addis Ababa after Safaricom Ethiopia won an international tender to provide telecom services in Ethiopia. Anwar Soussa, who has been leading Safaricom Ethiopia since 2019, has resigned from his position, his company announced. However, Safaricom has not yet disclosed why Anwar Soussa leaves from his company. Safaricom, which started providing telecom services in Ethiopia a year ago, has announced that it has gained more than three million customers in a short period of time. Safaricom, which is serving customers by renting network services from Ethio Telecom, is not what the Ethiopian market expected. Safaricom appointed Ethiopia…
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National Bank grants mobile money license to Safaricom Ethiopia

National Bank grants mobile money license to Safaricom Ethiopia

Safaricom Ethiopia has received a license from National Bank of Ethiopia to provide mobile money payment services. Safaricom Ethiopia, a telecom company that entered Ethiopia two years ago, has now received an additional license. Safaricom Ethiopia has received approval from the National Bank to provide mobile money services through Mpesa. National Bank Governor Mr Mamo Mehretu has announced that the bank has granted a mobile money service license to Safaricom, which enables it to provide digital financial services. This makes Safaricom the first foreign company to receive a license for mobile money payment services in Ethiopia, according to the  National…
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Safaricom Ethiopia appoints Ambassador Henok Tefera

Safaricom Ethiopia appoints Ambassador Henok Tefera

Safaricom Telecom Company, which entered Ethiopia two years ago, has appointed a new manager. Ambassador Henok Tefera, who has been Ethiopia's ambassador to France for the past three years, has been given new responsibilities at Safaricom Ethiopia. Ambassador Heok has been appointed as the head of foreign affairs and regulator of Safaricom Ethiopia. Safaricom Ethiopia confirmed to Ethio Negari that Ambassador Henok has succeeded the former head of the organization, Matthew Harrison. Ambassador Henok Tefera served as Ethiopia's ambassador to France from 2018 to 2022. Safaricom Ethiopia is providing telecom services to more than 20 cities and will soon receive…
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Ethiopia grants mobile money license to Safaricom

Ethiopia grants mobile money license to Safaricom

National bank of Ethiopia grants mobile money license to Safaricom National Bank has announced that it will soon give license for mobile money transfer to Safaricom The National Bank has stated that Safaricom Ethiopia, which has obtained the first private telecom service license in Ethiopia, will soon be granted a license to provide mobile money transfer services. National Bank Governor Mr. Mamo Mehretu said that the government is taking various measures to modernize and strengthen the financial sector. He also mentioned that non-banking telecommunication companies, fintech and payment agents have been invited to participate in the payment service sector. Mr.…
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