Safaricom will see its ownership in the Ethiopian subsidiary drop to 51.7 percent as a result of a $157 million (Sh22.5 billion) equity investment by the International Finance Corporation (IFC) in the new venture.
The Kenyan telco currently holds a 55.71 percent stake in Safaricom Ethiopia where its other partners including Vodacom Group Limited will also be diluted due to IFC’s entry.
