Safaricom Ethiopia CEO: ‘Digital is crucial to country’s prosperity’

I&M Bank in Kenya has made the move as the result of customer feedback and a response to the high cost of living.

The telco says it is focusing on scaling operations for the country.

M-PESA has 26,200 agents and 43,100 merchants, according to the company's third quarter 2023 update.

The hubs will help develop the grassroots ICT sector which is vital in setting a stronger foundation for ICT-related development and the digital economy.

The certification is a worldwide data security standard set by the PCI SSC for firms that accept card transaction.

Safaricom Ethiopia announced the total transaction value since the company's inception two months ago is now $288 million (Ksh. 43.7 billion).

M-Pesa, one of Africa's largest financial platforms, launched in Ethiopia on Wednesday, after a three-month pilot phase.

M-Pesa revenue grew 34.4% to $106 million, supported by customer growth and new service adoption, such as facilitating lending.

Kenya is transitioning from the National Integrated Identity Management System, generally known as Huduma Namba (service number).

Soussa joined Safaricom from Vodacom DRC in 2021, and he was in charge for two years.

Kenya presented its budget for the 2023/2024 financial year, allocating $109.6 million to fund key initiatives in the ICT sector.