Was Safaricom Ethiopia a Good Idea? A Deep Dive into the Numbers
- Timothy Pesi
- Feb 11
- 3 min read
Updated: Feb 18
When Safaricom PLC decided to expand into Ethiopia, Africa’s second-most populous country with over 120 million people, the move was hailed as a game-changer. It was an opportunity to tap into a vast, underpenetrated telecom market and replicate the success seen in Kenya. However, nearly two and a half years since its commercial launch in August 2023, the question remains:
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