Ethiopia tops Kenya’s foreign assets on Safaricom entry

Safaricom PLC CEO Peter Ndegwa during the telco's half-year results at the Michael Joseph Center. 

Photo credit: File | Nation Media Group

Ethiopia has risen to host the largest stock of capital investment from Kenya on the expansion of Safaricom to that market, relegating Tanzania to second place.

Safaricom is aggressively investing billions of shillings in its start-up operation in Ethiopia.

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