Safaricom Ethiopia Staff Evacuated as Conflict Heightens
Safaricom was keen on starting operations in Ethiopia next year
Safaricom has evacuated some of its staff from Ethiopia, where it plans to start operations next year. Staff members were evacuated on Wednesday and Friday in batches, via commercial flights to Nairobi.
The evacuation comes against the backdrop of heightened conflict in Ethiopia where Tigrayan forces and their allies have been steadily advancing towards the capital, Addis Ababa. The political upheaval has affected Safaricom’s expansion plans in Ethiopia, although how the situation plays out remains to be seen.
Safaricom holds a controlling 55.7% stake in the Global Partnership for Ethiopia, which also includes Japan’s Sumitomo (27.2%), Vodacom (6.2%), and the CDC Group (10.9%).
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