EU watchdog clears Vodafone, Safaricom venture for Ethiopia entry

Safaricom Limited's headquarters, Nairobi. PHOTO FILE | NMG

The European Commission (EC) has cleared a joint venture between Safaricom and its parent firm Vodafone for Ethiopia entry after initially announcing plans to scrutinise it over competition concerns.

In a letter seen by the Business Daily, the commission said the consortium did not pose any threat to fair competition.