Safaricom reiterates commitment to commence operation as per licensing agreement

Addis Ababa, September 1, 2021 (FBC) – Ahmed Shide, Minister of Finance of Ethiopia and Dr. Eyob Tekalign, State Minister of Finance, held fruitful discussions with a delegation from Safaricom PLC and Safaricom Ethiopia PLC, led by Peter Ndegwa, the Chief Executive Officer Safaricom PLC.

The meeting focused on discussing progress updates and the next steps for Safaricom Ethiopia PLC investments in Ethiopia, according to the Ministry of Finance.

During the meeting, Ndegwa reiterated the commitment of his company to commence its operation as per the licensing agreement for commercial launch in 2022.

He also explained about the various preparations being undertaken to realize this target. Ndegwa, also affirmed the commitment of Safaricom Ethiopia PLC to work with local companies and ethio telecom to quickly roll out its services.

Minister Ahmed Shide reaffirmed the commitment of the Government of Ethiopia to support Safaricom Ethiopia PLC to deliver result in improvements in telecommunication service quality, coverage and innovation.

The Minister also said the Government renews its pledge to support increased investment in the telecommunications sector in the country.

Safaricom Ethiopia PLC’s investment in Ethiopia is anticipated to create thousands of direct and indirect jobs as the company kicks off its operations an start offering communications services.