Following the news of the launch of Safaricom Telecommunications Ethiopia PLC, the Federal Government of Ethiopia announced that they granted the approval for Africa’s leading fintech, M-PESA, to launch in the country.
MPESA in Ethiopia is going to be competing with the state-owned telecom service, Telebirr. The launch of MPESA in Ethiopia has made Safaricom the first foreign company to launch mobile money services in the country.
When I came to Ethiopia, the people of Kenya gave me an assignment to make this service allowed. I thank the Ethiopian government for allowing Safaricom to provide this service.William Ruto, President, Kenya