Quick View: M-Pesa's Positive Operating Results Strengthen Ethiopian Fintech Outlook
Telecommunications / Ethiopia / Fri 10 Nov, 2023
Latest Development: Safaricom has released its first results for the group's mobile money operations in Ethiopia, reporting the acquisition of 1.2mn users since its August 2023 launch. Our core view is that the lack of competition in Ethiopia's e-money market, a heavily underbanked population and an addressable customer base of mobile users