Safaricom Telecommunications Ethiopia PLC
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Safaricom Telecommunications Ethiopia PLC - overview
Established
2021
Location
-, -, Ethiopia
Primary Industry
Telecoms
About
Founded in 2021 and based in Africa, Safaricom Telecommunications Ethiopia PLC operates as a telecom firm that offers 4G and 5G mobile network solutions. In June 2023, Safaricom Telecommunications Ethiopia PLC raised USD 100 in venture debt funding from the International Finance Corporation and the Multilateral Investment Guarantee Agency. The round was part of a larger USD 257. 4 million venture with debt financing.
As of 2023, the company’s CEO is Anwar Soussa. The services offered by the company include data packages; internet packages; voice-over network packages; SMS services, 4G and 5G mobile network connections across rural and urban areas; mobile pre-payment solutions; roaming services; international calling services; and many more. The company plans to use the funds raised in June 2023 to expand its business. It also plans to launch financial services under the brand name M-PESA.
Current Investors
Multilateral Investment Guarantee Agency, [DUP] International Finance Corporation
Primary Industry
Telecoms
Sub Industries
Cable Service Providers, Internet Service Providers, Telecoms Providers & Services
Website
www.safaricom.et
Total Amount Raised
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