TIDMVOD
Vodafone Group Plc
06 October 2022
6 October 2022
SAFARICOM ETHIOPIA SWITCHES ON ITS NETWORK AND SERVICES IN ADDIS
ABABA AND HOLDS NATIONAL LAUNCH CEREMONY
Safaricom Ethiopia has today switched on its mobile
telecommunications network and services in Addis Ababa, the
country's capital city. Safaricom Ethiopia is also holding a
ceremony today to mark its national launch.
The Ethiopian government launched Digital Ethiopia 2025 to help
the country realise its digital potential and leverage technology
to build a more prosperous society. As part of that process,
Safaricom Ethiopia was granted a nationwide full-service Unified
Telecommunications Service Licence and is the first company in the
country to launch a competitive mobile service to Ethio Telecom,
which is state-owned.
Safaricom Ethiopia's 2G, 3G and 4G mobile services are available
in 11 cities from today, including the capital and the country's
second largest city Dire Dawa. The company plans to launch services
in a total of 25 cities by April 2023 to meet the 25% population
coverage obligation in its licence. Safaricom Ethiopia is building
a wholly-owned mobile network and also has infrastructure sharing
and interconnection agreements in place with Ethio Telecom.
Safaricom Ethiopia's vision is to transform lives through a digital
future for all Ethiopians.
Safaricom Ethiopia is owned by an international consortium
including Vodafone Group; Safaricom; Vodacom Group; Sumitomo
Corporation - one of the largest international trading and business
investment companies; and British International Investment (BII) -
the UK's development finance institution and impact investor. This
is the first joint investment project to be realised under the
strategic alliance agreed by Vodafone and Sumitomo in November 2020
.
Nick Read, CEO of Vodafone Group, said : "We are excited to be
part of this highly experienced international consortium, with a
strong vision to advance Ethiopia's inclusive digital society, with
clear goals to deliver greater prospects for education, jobs and
prosperity."
Shameel Joosub, CEO, Vodacom Group, said: "The Global
Partnership for Ethiopia consortium has worked tirelessly together
with the Government of Ethiopia to reach this exciting moment in
Ethiopia's history as the country embarks upon a fully digitalised
era. I would like to congratulate Safaricom Ethiopia and all
management, staff and partners involved in reaching this milestone
as we seek to connect every Ethiopian to the global digital
economy. Ubiquitous network connectivity will positively transform
the lives of Ethiopians throughout the country, notably by making
various Tech for Good solutions and services available in health,
education, manufacturing, agriculture and digital finance."
Peter Ndegwa, CEO of Safaricom, said: "For two decades,
Safaricom has combined the power of technology and our innovative
spirit to solve customer and societal challenges. Led by our
Purpose to Transform Lives, we have deepened digital and financial
inclusion in Kenya by connecting people to people, people to
opportunities and people to information. With these lessons and
experiences, we look forward to positively impacting the people of
Ethiopia with a sustainable and quality mobile network that will be
a vital launch pad for nationwide digital telecommunications
services to over 118 million Ethiopians(1) ."
Toshikazu Nambu, Representative Director, Executive Vice
President, Chief Digital Officer, Sumitomo Corporation, said: "We
are pleased to have reached the significant milestone of the
official launch of Safaricom Ethiopia's national mobile network.
Through this project, Sumitomo Corporation will contribute to
Ethiopia's national development by providing its expertise in the
telecommunications business and digital transformation know-how
cultivated in Japan and other Asian countries. With the expansion
of mobile phone use and the economic and human resource
development, we will transform lives for a digital future, in line
with the Digital Ethiopia 2025 strategy."
Nick O'Donohoe, Chief Executive Officer of BII, said: "The
launch of Safaricom Ethiopia will deliver development impact at a
country-wide level. It will transform the economic prospects for
millions of Ethiopians and go a long way to alleviating
data-poverty in the country."
1. World Bank: Population, total - Ethiopia | Data
(worldbank.org)
- ends -
For further information:
Vodafone Group
Media Relations Investor Relations
GroupMedia@vodafone.com IR@vodafone.co.uk
About Vodafone
Unique in its scale as the largest pan-European and African
technology communications company, Vodafone transforms the way we
live and work through its innovation, technology, connectivity,
platforms, products and services.
Vodafone operates mobile and fixed networks in 21 countries, and
partners with mobile networks in 47 more. As of 30 June 2022, we
had over 300m mobile customers, more than 28m fixed broadband
customers and 22m TV customers. Vodafone is a world leader in the
Internet of Things (IoT), connecting around 160m devices and
platforms.
We have revolutionised fintech in Africa through M-Pesa, which
celebrates its 15(th) anniversary in 2022. It is the region's
largest fintech platform, providing access to financial services
for more than 50m people in a secure, affordable and convenient
way.
Our purpose is to connect for a better future by using
technology to improve lives, digitalise critical sectors and enable
inclusive and sustainable digital societies.
We are committed to reducing our environmental impact to reach
net zero emissions across our full value chain by 2040, while
helping our customers reduce their own carbon emissions by 350m
tonnes by 2030. We are driving action to reduce device waste and
achieve our target to reuse, resell or recycle 100% of our network
waste.
We believe in the power of connectivity and digital services to
improve society and economies, partnering with governments to
digitalise healthcare, education and agriculture and create
cleaner, safer cities. Our products and services support the
digitalisation of businesses, particularly small and medium
enterprises (SMEs).
Our inclusion for all strategy seeks to ensure no-one is left
behind through access to connectivity, digital skills and creating
relevant products and services such as access to education,
healthcare and finance. We are also committed to developing a
diverse and inclusive workforce that reflects the customers and
societies we serve.
For more information, please visit www.vodafone.com, follow us
on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone.
About Vodacom
Vodacom is a leading African communications company providing a
wide range of communication services, including data, mobile and
fixed voice, messaging, financial services, enterprise IT and
converged services to 123.7 million customers (including
Safaricom). From our roots in South Africa, we have grown our
mobile network business to include operations in Tanzania, the
Democratic Republic of the Congo (the DRC), Mozambique, Lesotho and
Kenya. Our mobile networks cover a population of over 295.8 million
people. Through Vodacom Business Africa (VBA), we offer business
managed services to enterprises in 47 countries. Vodacom is
majority owned by Vodafone (60.5% holding), one of the world's
largest communications companies by revenue.
About Safaricom Plc
Safaricom Plc is the leading telecommunication company in East
Africa. Our purpose is to transform lives by connecting people to
people, people to opportunities and people to information. We keep
over 38 million customers connected and play a critical role in the
society, supporting over one million jobs both directly and
indirectly while our total economic value was estimated at KES
358.6 Billion ($3.58 Billion) for the 12 months through March
2021.
Listed on the Nairobi Securities Exchange and with annual
revenues of over KES 250 Billion ($2.5 billion), Safaricom provides
connectivity through wide range of technology, 2G, 3G, 4G and 5G in
aggregate covering over 99% of K We run the world's largest mobile
payment system and Africa's largest Fintech - M-PESA, the world's
first mobile money transfer system. By empowering over 28 million
customers to transact, save or borrow money through their mobile
phone, M-PESA has driven financial inclusion in Kenya to more than
82% of the adult population from a low of 25% and generates over
KES 82.65 Billion ($826 Million) in revenue per annum.
Safaricom is an equal opportunity employer, actively recruiting
staff from different backgrounds reflecting the communities that we
serve. We are committed to equal gender representation at all
levels. Our target is to achieve 50:50 senior management gender
parity by 2025.
As part of our ongoing commitment to the Sustainable Development
Goals (SDGs), we continue to work towards improving energy and
resource efficiency in our network and facilities to reduce carbon
emissions and our fuel consumption. We remain committed to becoming
a Net Zero carbon-emitting company by 2050.
For more details please visit www.safaricom.co.ke
About Sumitomo Corporation
Sumitomo Corporation ("SC") is a leading Fortune 500 global
trading and business investment company with 131 locations (Japan:
20, Overseas: 111) in 66 countries and regions. The entire SC Group
consists of around 900 companies. SC conducts commodity
transactions in all industries utilizing worldwide networks,
provides customers with financing, serves as an organizer and a
coordinator for various projects, and invests in companies to
promote greater growth potential. SC's core business areas include
six business units: Metal Products; Transportation &
Construction Systems; Infrastructure; Media & Digital; Living
Related & Real Estate; and Mineral Resources, Energy, Chemical
& Electronics, and one initiative: Energy Innovation.
Our corporate message, "Enriching lives and the world", was
created to encapsulate our vision for sustainability in the next
100 years. Our business, as well as our relationship with our
stakeholders, has expanded on a global scale. Our mission is to
grow sustainably alongside society, pursue development for the
world, and enable better lives for all.
About British International Investment (BII)
British International Investment is the new name for the UK's
development finance institution and was formerly known as CDC
Group.
BII is a trusted investment partner to businesses in Africa,
Asia and the Caribbean. It invests between GBP1.5 and GBP2 billion
every year to support the UK Government's Clean Green Initiative
and to create productive, sustainable and inclusive economies in
our markets
BII plays a key role in the UK Government's wider plans to
mobilise up to GBP8 billion a year of public and private sector
investment in international projects by 2025.
Over the next five years, at least 30 per cent of BII's total
new commitments by value will be in climate finance. This will make
it one of the world's largest climate investors in Africa. BII is
also a founding member of the 2X Challenge which has raised $10bn
to empower women's economic development. The company has
investments in over 1,300 businesses in emerging economies and
total assets of GBP7.7 billion.
For more information, visit: www.bii.co.uk | watch here .
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