Safaricom Ethiopia Increases Stake in Local Operations

July 15, 2026
By Mintesinot Nigussie

Safaricom Ethiopia has announced an increase in its stake in local operations as part of efforts to strengthen its presence and expand services in the Ethiopian telecommunications market. The move reflects the company’s growing confidence in the country’s digital economy and its commitment to investing in infrastructure and customer service improvements. This development is expected to enhance competition and contribute to better connectivity options for Ethiopian consumers and businesses.

The increased investment will support the rollout of new technologies, network expansion, and the introduction of innovative services tailored to local needs. Safaricom aims to leverage its regional expertise to drive digital inclusion and support Ethiopia’s ambition to build a more connected society. Industry analysts view the stake increase as a positive signal for the telecommunications sector and a step toward greater market maturity in the country.

The decision comes at a time when demand for reliable mobile and data services continues to grow across Ethiopia, particularly among small businesses and rural communities. Safaricom’s expanded role is anticipated to bring additional investment, job creation, and technological advancements that benefit the wider economy. Stakeholders have welcomed the announcement as a sign of long-term commitment to the Ethiopian market.

As the company strengthens its operations, it is expected to introduce more competitive offerings and contribute to the overall development of the digital ecosystem in Ethiopia. The stake increase underscores Safaricom’s strategic focus on emerging markets and its belief in the growth potential of the Ethiopian telecommunications sector.

Observers anticipate that this development will encourage further investment and innovation in the sector, ultimately benefiting consumers through improved services and greater choice.

Source: FSX Business News