FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Safaricom Ethiopia Pushes Launch to August


Safaricom Ethiopia Pushes Launch to August

Safaricom Ethiopia Plc executives, led by Anwar Sousa, have pushed their commercial operations start date to August 2022. The company has announced it will begin providing services as part of a test launch in Dire Dawa town in the coming weeks. Safaricom Ethiopia chose Dire Dawa, 550Km east of the capital, because the network infrastructure has been set up there, according to Matthew Harrison-Harvey, chief external affairs and regulatory officer. A press release from the company says it plans to expand its pilot launch to 24 towns. It has thus far invested close to one billion dollars in its venture, including the 850 million dollar fee it paid to acquire the country's first private telecom operator's license last year. Safaricom Ethiopia had initially scheduled the launch of commercial operations for April this year. However, prolonged infrastructure sharing negotiations with the state-owned Ethio telecom have been causing delays.

[ssba-buttons]

Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...