Our Ethiopian operations at a glance

MARKET CONTEXT & OPPORTUNITY

00m

+18YRS

00.0m

14 – 18YRS

00%

FINANCIALLY INCLUDED

00%

MOBILE PENETRATION

$0.0b

ANNUAL INWARD REMITTANCE

00K

LARGE ENTERPRISES

000K

SMALL & MICRO ENTERPRISES

OPERATING CONTEXT

MACRO-ECONOMIC

GDP – Growth in 2023 expected to be 6.2% compared to average of 9.1% (2011- 2020)
Rising inflation – at 34.2% as of March 20231

REGULATORY

Ethiopian telecom privatization – 45% of Ethiopian telecom privatisation was announced in February 2023
Telecoms licence – Ethiopian Communication Authority (ECA) is expected to issue an Expression of Interest for the 2nd private telecom entrants
Financial liberalisation – Government is still keen on liberalising other industries including opening the mobile financial services and banking sectors

PERFORMANCE HIGHLIGHTS

0.0m

90-DAY ACTIVE CUSTOMERS

00%

POPULATION COVERAGE

000

DISTRIBUTOR SHOP

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POINT OF SALE

000

PERMANENT EMPLOYEES

FASTEST DATA NETWORK IN ETHIOPIA

0000

NETWORK SITES

Ethiopia is classified as a hyperinflationary economy by the IASB on or after 31 Dec 2022. Accordingly, Safaricom Group has applied IAS
29 Financial Reporting in Hyperinflationary Economies on Ethiopia related numbers at consolidation level

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