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Global consortium wins telecom license in Ethiopia

A license to operate telecommunication services in Ethiopia has been awarded to a consortium made up of Safaricom, Vodafone, Japan’s Sumitomo and UK finance agency CDC Group. The consortium plans to invest up to $8.5 billion in infrastructure among other areas adding that the industry will create up to 1.5 million job opportunities. Zemedeneh Negatu, Global Chairman at FairFax Africa Fund joins CNBC Africa for more.
Mon, 24 May 2021 10:19:55 GMT