Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Safaricom raises stake in Ethiopian unit to 53pc
Safaricom Group CEO Peter Ndegwa (centre) with Chief Finance Officer Dilip Pal (left) and Safaricom Ethiopia CEO Wim Vanhelleputte during the announcement of the half-year results on November 6, 2025, in Nairobi.
Safaricom has disclosed that it increased its stake in the Ethiopian subsidiary to 53.37 percent, from the previous Sh51.67 percent, after the converting a shareholder loan into equity.
In the six months to September, shareholders of Safaricom Telecommunications Ethiopia completed the conversion of a Sh2.3 billion ($18 million) loan into equity, contributing to Safaricom’s increased ownership.
