Ethiopia approves roll out of M-Pesa

cashless transactions

A mobile subscriber transacts via M-Pesa at a shop in Nyeri on May 20, 2021. PHOTO | JOSEPH KANYI | NMG

Ethiopia has okayed Safaricom to introduce its popular mobile money service, M-Pesa, in the market of over 110 million people.

The announcement was made during the national launch of Safaricom Telecommunications Ethiopia (STE) in the capital Addis Ababa, at a ceremony attended by President William Ruto and his host Prime Minister Abiy Ahmed, on Thursday.

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