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Why Ethiopia closed the door on foreign mobile money firms

As the world continued to focus on the unfolding impact of Covid-19 on every aspect of our lives, one important story was quietly developing and almost passed by unnoticed. In the end, it could turn out to be the most important story in corporate Kenya this year.

Ethiopia, the second-largest market in Africa, has shut the door to foreign mobile money companies such as Safaricom, which had hoped to introduce mobile money transfer platforms such as M-Pesa.

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