Safaricom gets nod to launch M-Pesa in Ethiopia

M-Pesa

Ethiopia amends its laws to allow foreign investments in mobile money services giving Safaricom nod to launch M-Pesa. PHOTO | FILE

Ethiopia has said it will grant Safaricom a licence to launch the M-Pesa mobile money services in the country.

This will make Safaricom the first foreign company to launch mobile money services in the Horn of Africa nation.