Safaricom wary of Addis as profit rises to $334m

operations licence

Issuance of a telecoms operations licence to Safaricom executives at the Friendship Square in Addis Ababa. FILE PHOTO | COURTESY 

Kenya’s leading mobile phone operator Safaricom is cautiously optimistic about its operations in Ethiopia following an escalation of conflict that has displaced more than two million people from the war-torn Tigray region.

Safaricom through a consortium — Global Partnership for Ethiopia — was awarded a licence by the Ethiopian government to provide telecom services in the country barely six months ago (May 24) in a ceremony attended by President Uhuru Kenyatta in Addis Ababa.