Kenya’s President Uhuru Kenyatta made an official visit to the Ethiopian capital Addis Ababa on Tuesday, which includes, among other things, the formal award of a telecommunications operating license to a consortium led by Safaricom.
The official award The license also includes the formal signing of an agreement that will allow Safaricom and its partners to begin rolling out telecommunications services and be the first foreign company to offer such services in Ethiopia. Ethiopian Prime Minister Abiy Ahmed referred to the occasion as “a monumental moment for Ethiopia” and President Kenyatta accompanied by Cabinet Secretaries for Foreign Affairs Raychelle Omamo (Foreign Affairs) and Joe Mucheru of ICT.
Another crazy trade relationship could come between the two both countries.
An international consortium led by Safaricom, made up of Vodafone and Vodacom, the UK’s CDC group and Japan’s Sumitomo Corporation, has won a license offer of $ 850 million for the opening rate in Ethiopia, defeating MTN of Mauritius, which made $ 600 million [Sh64 , 7 billion] offers. Safaricom has offered to invest $ 8 billion in Ethiopia over the next decade.
The Global Partnership for Ethiopia, as the consortium is known, was declared the winner on May 22nd, and Safaricom paid on May 22nd last Wednesday the license fee and received permission to offer services across the country.
When it opened in November last year, 12 prequalified companies were involved in the tender.
The license is 15 years valid with a possible extension for a fee. Officials say services should be expected to formally roll out in early 2022. The services will include voice, text and data, as well as mobile payments.
The President should also discuss other bilateral issues, including regional security and cooperation.