×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Safaricom braces for impact as ongoing Ethiopia crisis persist

Vocalize Pre-Player Loader

Audio By Vocalize

President William Ruto arrived in Addis Ababa, Ethiopia, for bilateral talks with Prime Minister Abiy Ahmed and the launch of Safaricom Ethiopia. [PCS]

The ongoing conflict and economic crisis in neighbouring Ethiopia have cast a dark shadow over Safaricom's prospects, analysts say.

Safaricom's plans to expand its operations in the Horn of Africa country had recently received a huge financial boost after the World Bank's private investment arm injected $257.4 million (Sh40.1 billion) into the consortium.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By AFP 8 mins ago
Business
Stocks rise as optimism over Mideast war takes hold
Business
New 2030 plan targets billions in financing for farmers and MSMEs
Business
Three Kenyan startups picked for Africa eye health accelerator
Business
Maina named Vision 2030 acting director