Safaricom receives Ethiopia mobile-money licence for M-Pesa
Safaricom said its Ethiopian subsidiary had received a licence to operate mobile-money services, with chief executive Peter Ndegwa saying the company planned to launch M-Pesa in the coming weeks. The National Bank of Ethiopia said it received $150 million in licence fees from the Safaricom-led consortium.
The licence enables Safaricom’s Ethiopian subsidiary to prepare M-Pesa’s launch, expanding mobile-money services.