Sunday, April 14, 2024
BusinessM-PESA officially secures license in Ethiopia

M-PESA officially secures license in Ethiopia

The National Bank of Ethiopia (NBE) granted mobile money license for M-PESA. Safaricom has secured the license for M-PESA seven months after it started telecom operation in Ethiopia.

“M-PESA will start operation in Ethiopia in the next few weeks and months,” Peter Ndegwa, CEO of Safaricom Ethiopia, announced the news this morning while presenting the annual report in Nairobi.

NBE also confirmed the issuance of M-PESA Mobile Financial Service Plc to Safaricom Telecommunications Ethiopia Plc, in a statement issued on May 11, 2023. 

[speaker]
- Advertisement -

Video from Enat Bank Youtube Channel.

Subscribe

- Advertisement -

Popular

More like this
Related

‘Top secret’ talks underway to mediate Ethiopia, Somalia on MoU saga

Presidents Ismail Omar Guelleh and William Ruto are facilitating...

Investment board lays groundwork for trade business liberalization

Petroleum, fertilizer imports to remain off limits Under the leadership...

Ethiopia reinstatement uncertain as US senators push for AGOA reauthorization

Lawmakers in Washington are pushing a bill that would...

Mass killings becoming “shockingly common” in Ethiopia: Amnesty International

The recent killing of Bate Urgessa, a member of...