The National Bank of Ethiopia (NBE) has granted a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc, a subsidiary of Safaricom Telecommunication Ethiopia Plc.

This is the first mobile money license granted to a foreign investor in Ethiopia. The issuance of the mobile money license reflects the NBE’s on-going objective of fostering financial innovation and inclusion in the Ethiopian market.

For more information, please see https://www.ena.et/web/eng/w/eng_2787835