Company profile

Safaricom Telecommunications Ethiopia PLC

Safaricom Telecommunications Ethiopia PLC (Safaricom Ethiopia) is an Ethiopian telecommunications company founded in 2021 in Addis Ababa, Ethiopia. Headquartered in Addis Ababa, the company's core offerings include 2G, 3G, and 4G mobile voice and data services, mobile financial services through M-PESA, international remittances, bill payment solutions, and digital connectivity services. The company launched commercial operations in October 2022 and has rapidly acquired over 10 million active customers as of mid-2025. The company is owned by an international consortium comprising Safaricom PLC (Kenya), Vodacom Group, Vodafone Group, Sumitomo Corporation, and British International Investment, with total investment exceeding USD 2.27 billion by March 2025. Safaricom Ethiopia is the first private telecommunications operator to enter Ethiopia's market, ending the decades-long monopoly of state-owned Ethio Telecom.

Sector

Telecoms and digital infrastructure / Data & Internet Services, Mobile Networks, Payments Infrastructure

Markets

Ethiopia

Ownership

Private

Source: Partner Researchers.