• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

World Bank Group pledges more support for Safaricom Ethiopia

Ethiopia

The Matters Press by The Matters Press
June 10, 2023
Reading Time: 1 min read
0
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

The World Bank Group’s private investment arm and guarantee agency have pledged more support for the first private telecoms operator in Ethiopia, Safaricom Ethiopia.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

In September, investment arm the International Finance Corporation (IFC) said it planned to inject up to 160 million dollars in equity.

However, in a statement dated June 8, World Bank Group said that IFC’s equity investment would be 157 million dollars and that it would also provide a 100 million dollar loan.

The Multilateral Investment Guarantee Agency would provide 10-year guarantees of one billion dollars to cover the equity investments of Safaricom Ethiopia’s shareholders: Vodafone Group (VOD.L), Vodacom (VODJ.J), Safaricom (SCOM.NR) and British International Investment.

“The investment and guarantees will help Safaricom Ethiopia roll out and operate 4G and 5G mobile networks across the country including in rural and urban areas,” the statement said.

Safaricom Ethiopia launched its mobile network in October after winning an operating licence in May 2021.

Previously state-owned Ethio Telecom had a monopoly in Africa’s second-most populous country with a population of about 120 million people.

Tags: Ethiopia
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
AIICO Insurance pays N47.3bn claims

AIICO Insurance declares N7.55bn profit, 3k dividend

Global trade’ll grow to $30tn by 2030

Trade surplus: CPPE boss tasks Nigeria on reforms in oil, gas

Recommended Stories

Scheme to repatriate $200bn in forex requires right mechanisms

Mongolia’s FOREX reserves drop to $2.8bn

July 28, 2022
FG to make Ajaokuta free trade zone to attract FDI

FG to make Ajaokuta free trade zone to attract FDI

October 5, 2023
Infrastructure gulp N2,7tn in Nigeria

S/Africa seeks to partner with Nigeria on PPPs for infrastructure development

June 24, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us