Safaricom Ethiopia generated a Sh98.3 million in first month of operation.
The telecommunication company officially launched its services in Ethiopia a month ago.
The launch was graced by Kenya President William Ruto, Ethiopia Prime Minister Abiy Ahmed, Safaricom Chief Executive Officer (CEO) Peter Ndegwa and his Ethiopian counterpart Anwar Soussa
Safaricom Ethiopia Service Revenue for the period ended September 30th, 2022, was Sh9.1 million while total revenue, including handsets sales was Sh98.3 million.
“We are pleased with the commercial progress made in Ethiopia since launch of operations early last month. Most importantly we are enthusiastic on the growth opportunity in Ethiopia, with over 740,000 customers so far and 20,000 new customers joining the network daily,” Safaricom PLC CEO Ndegwa said.
Safaricom Ethiopia signed infrastructure sharing and interconnection agreements with Ethiopia Telecom, allowing the former to use its infrastructures.
A Safaricom consortia last year got license to enter the Ethiopian market after bidding Sh91.8 billion.