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Top related persons:
Safaricom - 1 Stanley Njoroge - 1 Dawit - 1 Elias Biryabarema - 1 Aaron Ross - 1 Jane Merriman - 1
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Ethiopia Addis Ababa ADDIS ABABA Horn of Africa Kenya Democratic Republic of Congo Egypt Ghana
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REUTERS - 1 Tiksa - 1 South Africa’s Vodacom - 1 Britain’s Vodafone - 1 Democratic - 1 Ethio Telecom - 1 Thomson - 1

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☆ Safaricom launches M-Pesa mobile money service in Ethiopia
  + stars: | 2023-08-16 | by ( Dawit Endeshaw | ) www.reuters.com   time to read: +2 min
[1/2] A customer displays the package of a Safaricom Ethiopia sim card during the service launch in Addis Ababa, Ethiopia, October 6, 2022. REUTERS/Tiksa Negeri/File Photo Acquire Licensing RightsADDIS ABABA, Aug 16 (Reuters) - Safaricom's (SCOM.NR) M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies. The company also faces stiff competition from Ethio Telecom, whose profits more than doubled in its latest financial year. In July, Ethio Telecom reported having more than 34 million subscribers to its mobile money service Telebirr. Mobile money services are common in East Africa, allowing customers to send and receive money and pay for goods and services.
Persons: Safaricom, Stanley Njoroge, Dawit, Elias Biryabarema, Aaron Ross, Jane Merriman Organizations: REUTERS, Tiksa, South Africa’s Vodacom, Britain’s Vodafone, Democratic, Ethio Telecom, Thomson Locations: Ethiopia, Addis Ababa, ADDIS ABABA, Horn of Africa, Kenya, Democratic Republic of Congo, Egypt, Ghana, Lesotho, Mozambique, Tanzania, Mobile, East Africa
☆ India’s Vodafone stress test may have ugly results
  + stars: | 2023-01-06 | by ( Una Galani | ) www.reuters.com   time to read: +4 min
Investors cheered, and many customers in its now-234 million-and shrinking subscriber base breathed a sigh of relief. Vodafone, meanwhile, is now calling on the banks for fresh loans, per the Economic Times. That may not have been sufficient, but there was no disclosure by the company stating that the swap was conditional on the existing owners’ financial commitment. India’s politicians are careful to avoid situations where they might be accused of being too generous to foreign multinationals. With so much stress, though, other creditors might find a reason to pull the rug from under the company’s feet sooner.
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