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Safaricom Telecommunications Ethiopia P.L.C. (STE), previously known as Global Partnership for Ethiopia BV (GPE), is a subsidiary of the Kenyan mobile operator Safaricom in Ethiopia, [2] licensed with fee of US$850 million on 9 July 2021. [3] [4] This fee made it the single largest foreign direct investment into Ethiopia.
M-PESA (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and micro financing service, launched in 2007 by Vodafone for Safaricom and Vodacom. M-PESA was originally designed as a system to allow microfinance-loan repayments to be made by phone, reducing the costs associated with handling cash.
List of area codes Old format New format [1] Place/service +251 1 xxxxxx +251 11 1xxxxxx: Addis Ababa North +251 1 xxxxxx +251 11 2xxxxxx: Addis Ababa West
Telecommunications in Ethiopia is a monopoly in the control of Ethio telecom, formerly the Ethiopian Telecommunications Corporation (ETC). As of 2012, 20.524 million cellular phones and 797,500 main line phones were in use.
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The number of mobile connections in Ethiopia increased by 8.2 million (+11.9 percent) between the start of 2023 and the start of 2024. [54] In September 2010 the penetration rate was estimated at 4.6% over a population estimate of 90.8 million. [55] The telecom regulator in Ethiopia is Ministry of Communication and Information Technology (MCIT).
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