Safaricom Ethiopia eyes new $350m loan from IFC
IFC reveals plans to top up the debt ($157.4 million) and equity investment ($100 million for a 7.25 percent stake) it already injected into the telco last year.
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IFC reveals plans to top up the debt ($157.4 million) and equity investment ($100 million for a 7.25 percent stake) it already injected into the telco last year.
Safaricom PLC will be looking to raise up to $150 million over several years.
Kenya's biggest telecoms operator Safaricom reported on Thursday a 19.1% fall in its earnings before interest and taxes to 41.45 billion shillings for the first half to the end of September. ...
Safaricom: The company, which is partly owned by South Africa's Vodacom , said its group service revenue grew 9.9% in the period to 159.1 billion shillings.
M-PESA went live in Ethiopia on August 16th and is expected to transform mobile money services, drive financial inclusion