The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
Safaricom
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Ndegwa, a seasoned executive with nearly three decades of experience has played a pivotal role in Safaricom’s recent success.
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The Ethiopian unit will have its own CEO, senior executives and management team.
- East Africa
Safaricom, MTN Group bid for licenses in Africa’s second-most populous country, Ethiopia
The bureaucratic bidding process seems to finally be nearing an end.
- East Africa
Huawei teams up with Safaricom to offer innovative solutions for restaurants
by Ishioma Emiby Ishioma EmiThe Scan & Order solution will help digitize menus and ordering systems.
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Foreign telecom companies will soon be able to launch mobile phone-based financial services.
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The money is part of a $139.25-million payment for installing security and surveillance systems.
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Investors rallied around the company as news spread that it is close to securing a license in Ethiopia.
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MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.Â