Safaricom Execs Confirm April Entry


Safaricom Execs Confirm April Entry

The executives of Safaricom Ethiopia Plc have confirmed the company will begin commercial operations in the coming April. They announced the operator is finalising preparations to enter the market during a tour of its new 100 million dollar modular data centre in the Akaki-Qality District last week. The government stipulated the operator has nine months to launch its commercial operations following the award of a full telecom operator's license last June. Failing to meet the deadline in April would entail a fine for the company. However, the operator, which will be using the "07" prefix for mobile calls, is not obligated to launch its services across the country but in defined economic zones. The Global Partnership for Ethiopia Consortium (GPEC), led by Kenya's Safaricom, acquired the 15-year operator's license for 850 million dollars last year. Safaricom is conducting negotiations for a potential infrastructure sharing deal with the state-owned Ethio telecom.

[ssba-buttons]

Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...