Will Safaricom’s new revenue streams outpace fall in Kenya?

Little over a year ago, Safaricom’s entry into Ethiopia seemed like a gamble with a two-year raging civil war, funding restrictions and uncertainty over the timelines for a mobile money license.

With the end to hostilities and normalcy returning to Ethiopia, Safaricom’s bet seems to be paying off after it became the first foreign firm to get a mobile money permit and has already signed up three million customers in 22 cities.