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Safaricom gets license to operate mobile money services in Ethiopia

The National Bank of Ethiopia (NBE) issued a license to Safaricom's M-Pesa to operate in Ethiopia. [Elvis aogina, Standard]

Safaricom has been granted the license to launch its mobile money service, M-Pesa, in Ethiopia.

The National Bank of Ethiopia (NBE) issued a license to a new subsidiary, Safaricom M-Pesa Mobile Financial Service, allowing Safaricom to expand its services beyond Kenya where it was first launched in 2007.

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