# Safaricom Ethiopia

**Source:** https://www.startuphub.ai/startups/safaricom-ethiopia
**Profile type:** Startup

> Telecommunications operator providing mobile and digital services in Ethiopia.

## About

Safaricom Ethiopia is a subsidiary of the Kenyan mobile operator Safaricom, licensed to operate in Ethiopia. It aims to liberalize the Ethiopian telecom market, offering mobile telephony, mobile money transfer services (M-Pesa), and other digital services.

## Key facts

- **Slug:** safaricom-ethiopia
- **Website:** https://www.safaricom.et/
- **Location:** Addis Ababa, Ethiopia
- **Founded:** 2021-07-09
- **Operating status:** Active
- **Total funding:** $1.3B
- **Sectors / tags:** Telecommunications, Mobile, Fintech
- **Social:**
  - Twitter: https://x.com/safaricom_eth
  - Facebook: https://www.facebook.com/safaricom.et/

## Frequently asked

### What does Safaricom Ethiopia do?

Safaricom Ethiopia is a subsidiary of the Kenyan mobile operator Safaricom, licensed to operate in Ethiopia. It aims to liberalize the Ethiopian telecom market, offering mobile telephony, mobile money transfer services (M-Pesa), and other digital services.

### How much funding has Safaricom Ethiopia raised?

Safaricom Ethiopia has raised a total of $1.3B in funding. The most recent round on record is Debt Financing.

### Where is Safaricom Ethiopia headquartered?

Safaricom Ethiopia is headquartered in Addis Ababa, Ethiopia.

### When was Safaricom Ethiopia founded?

Safaricom Ethiopia was founded in 2021.

### What industry does Safaricom Ethiopia operate in?

Safaricom Ethiopia operates in Telecommunications, Mobile, Fintech.

### What is Safaricom Ethiopia's revenue?

StartupHub estimates Safaricom Ethiopia's annual revenue at $578.0M (range $208.1M to $1.2B, 31% confidence), based on comparable companies in the sector.

### What is Safaricom Ethiopia's valuation?

StartupHub estimates Safaricom Ethiopia's effective valuation at $88.8M (range $52.3M to $984.9M, 56% confidence), based on comparable companies in the sector.

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