Safaricom Introduces Senior Leadership

Sep 4 , 2021

Safaricom has introduced the executive team assigned to lead its venture in the Ethiopian market. A delegation of seven, led by the company's CEO Peter Ndegwa and Safaricom Ethiopia's Managing Director Anwar Soussa, held discussions with senior government officials, including Ahmed Shide, minister of Finance, and Eyob Tekalign (PhD), state minister for Finance, last week, where they provided updates on the status of their operations. The Global Partnership for Ethiopia consortium led by the company targets to begin operations in the first half of 2022. It secured a license in May this year after offering 850 million dollars and plans to invest around 8.5 billion dollars over the coming decade. Already appointed, the company presented its committee of 11 executives in Ethiopia last week, all reporting to the Managing Director. All the executives, except one, are non-Ethiopians. Andarge Kabtimer is the only Ethiopian executive who will serve the telecom operator as a Chief Sales & Distribution Officer. Close to 40 job openings were also announced by the Operator.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...