Flash Report - Equity /
Global

Safaricom in Ethiopia: Making progress but concerns remain

  • Ethiopia is set to commence bidding for its second telecom licence, which should include a mobile money licence

  • Safaricom’s licence will be upgraded to include mobile money once the second bidding is over

  • We raise our Safaricom TP to KES41, retain Hold recommendation

Safaricom in Ethiopia: Making progress but concerns remain
Ayobami Omole
Ayobami Omole

Junior Research Analyst

Tellimer Research
11 August 2021
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