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Page 41 - எங்களுக்கு சர்வதேச வளர்ச்சி நிதி நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Safaricom takes 56pc stake in Ethiopia firm

Safaricom takes 56pc stake in Ethiopia firm Business Daily Safaricom #ticker:SCOM has raised its controlling stake in Global Partnership for Ethiopia, the consortium that has made a bid for one of two telecoms licences in Kenya’s northern neighbour, to 56 percent from the 51 percent announced previously. Details of the consortium’s latest ownership structure was disclosed Tuesday by South Africa-based Vodacom Group which owns a 34.9 percent stake in the Nairobi Securities Exchange-listed firm. “The consortium is 56 percent owned by Safaricom, six percent by Vodacom, 25 percent by Sumitomo the Japanese conglomerate and 10 percent by CDC, the UK sovereign investment fund,” Vodacom’s chief executive Shameel Joosub said at an investor briefing yesterday. He did not explain the circumstances that led to the changes in the ownership. The multinational’s stake has also gone up, having previously stood at five percent. The percentages listed by Mr Joosub exclu

Safaricom s bid to operate M-Pesa in Addis boosted by mobile money services launch

Safaricom’s bid to operate M-Pesa in Addis boosted by mobile money services launch Wednesday May 19 2021 Safaricom Plc headquarters in Kenya s capital Nairobi. The telco is eyeing the Ethiopian Market. PHOTO | FILE | NMG Advertisement Safaricom is still hopeful that it will launch mobile money services in Ethiopia as it awaits the decision on the acquisition of a licence to operate in the country. The telco’s bid for control of the Ethiopian telecommunication market seems to have received a boost ahead of the official acquisition of the licence with the news that the Addis administration plans to liberalise mobile money services next year.

Schumer introduces bill to invest $53 billion in domestic semiconductor production

·        $2 billion for a CHIPS for America Defense Fund: Funding is appropriated up front and $400 million is allocated each year, over 5 years for the purposes of implementing programs authorized in Sec. 9903(b), providing support for R&D, testing and evaluation, workforce development, and other related activities, in coordination with the private sector, universities, and other Federal agencies to support the needs of the Department of Defense and the intelligence community. ·        $500 million for a CHIPS for America International Technology Security and Innovation Fund: Funding is appropriated upfront and $100 million each year, allocated over 5 years to the Department of State, in coordination with the U.S. Agency for International Development, the Export-Import Bank, and the U.S. International Development Finance Corporation, for the purposes of coordinating with foreign government partners to support international information and communications technolo

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