Currency Shock, Expansion Costs Push Safaricom Ethiopia Into 42 billion Birr Loss

M-Pesa has become the first mobile money service to integrate into the national fuel aggregator launched last month. Game on for Telebirr which has dominated digital fuel payments for two years. By Munir ShemsuOver 2,700 MSMEs launched in just 9 months! Ethiopia’s state-owned Enterprise Development reports helping create 150K+ jobs & saved $1.6B through import substitution. By Daniel Metaferiya