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Kenya's Safaricom pulls its staff out of Ethiopia following ongoing conflict
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Kenya's mobile telecommunications company Safaricom says it has pulled its staff out of Ethiopia following the ongoing conflict in the country. Chief Executive Officer Peter Ndegwa says the company is in the process of setting up its operations ahead of the launch next year. He expressed fear that the ongoing crisis is likely to affect the company's profits as it had projected breaking even by 2026.
In May this year, a Safaricom led consortium that includes its parent firms Britain's Vodafone and South Africa's Vodacom, British development finance agency the CDC Group and Japan's Sumitomo Corporation was awarded a licence to set up operations in the country. SABC News Correspondent Sarah Kimani reports.
In May this year, a Safaricom led consortium that includes its parent firms Britain's Vodafone and South Africa's Vodacom, British development finance agency the CDC Group and Japan's Sumitomo Corporation was awarded a licence to set up operations in the country. SABC News Correspondent Sarah Kimani reports.
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