Safaricom Telecommunications Ethiopia

Safaricom Telecommunications Ethiopia Plc
Trade name	Safaricom Telecommunications Ethiopia
Type	Subsidiary of Safaricom
Industry	Telecommunications
Headquarters	Addis Ababa, Ethiopia
Key people	Anwar Soussa; Chief Executive Officer and Managing Director
Products	G.S.M related products and Mobile Money Transfer
Brands	M-Pesa; Masoko (e-commerce); Fuliza; DigiFarm; M-Shwari;
Services	Mobile Telephony; Mobile Money transfer; Consumer electronics; Ecommerce; Cloud computing; Data; Music Streaming; Fibre Optic;
Website	Homepage

Safaricom Telecommunications Ethiopia Plc, previously known as Global Partnership for Ethiopia BV (GPE), is an SPV awarded a licence to operate telecom services in Ethiopia^[2] at a license fee of US$850 million.^[3] This fee made it the single largest foreign direct investment into Ethiopia.^[3]^[4] The firm is expected to roll out telephony services from 2022.^[5]

Shareholding[]

As of 25 May 2021, the shareholding of GPE was expected to be as follows:^[6]^[5]

GPE proposed ownership
Rank	Name of Owner	Country	Percentage Ownership
1	Safaricom	Kenya	55.70
2	Sumitomo Corporation	Japan	27.20
3	CDC Group	UK	10.90
4	Vodacom	South Africa	6.20
	Total		100.00

References[]

^ Bonface Otieno (5 July 2021). "Vodacom DRC chief to head Safaricom's Ethiopian unit". Business Daily Africa. Nairobi, Kenya. Retrieved 18 July 2021.
^ "GLOBAL PARTNERSHIP FOR ETHIOPIA WELCOMES LICENCE AWARD TO OPERATE TELECOM SERVICES IN ETHIOPIA". 24 May 2021. Retrieved 25 May 2021.
^ Jump up to: ^a ^b "The Council of Minister of Ethiopia today announced accepting the $850 million license fee offer of Global Partnership for Ethiopia, a consortium of major international telecom service providers". 22 May 2021. Retrieved 25 May 2021.
^ "Global consortium wins Ethiopia's telecom license for $850M". 22 May 2021. Retrieved 25 May 2021.
^ Jump up to: ^a ^b Juma, Victor (25 May 2021). "Safaricom reveals ownership of Ethiopia venture". Retrieved 25 May 2021.
^ Muiruri, Kepha (25 May 2021). "Safaricom to commence operations in Ethiopia next year". Citizen Digital. Citizen TV. Retrieved 25 May 2021.

This article about a telecommunications company is a stub. You can help Wikipedia by .

[1R-1] Bonface Otieno (5 July 2021). "Vodacom DRC chief to head Safaricom's Ethiopian unit". Business Daily Africa. Nairobi, Kenya. Retrieved 18 July 2021.

[2] "GLOBAL PARTNERSHIP FOR ETHIOPIA WELCOMES LICENCE AWARD TO OPERATE TELECOM SERVICES IN ETHIOPIA". 24 May 2021. Retrieved 25 May 2021.

[:0-3] Jump up to: ^a ^b "The Council of Minister of Ethiopia today announced accepting the $850 million license fee offer of Global Partnership for Ethiopia, a consortium of major international telecom service providers". 22 May 2021. Retrieved 25 May 2021.

[4] "Global consortium wins Ethiopia's telecom license for $850M". 22 May 2021. Retrieved 25 May 2021.

[:1-5] Jump up to: ^a ^b Juma, Victor (25 May 2021). "Safaricom reveals ownership of Ethiopia venture". Retrieved 25 May 2021.

[6] Muiruri, Kepha (25 May 2021). "Safaricom to commence operations in Ethiopia next year". Citizen Digital. Citizen TV. Retrieved 25 May 2021.

[1]

[2]

[3]

[4]

[5]

[6]

Safaricom Telecommunications Ethiopia

Shareholding[]

See also[]

References[]