CompaniesSafaricom Telecommunications Ethiopia-previewSafaricom-telecommunicationsSafaricom Telecommunications Ethiopia
PrivateLast Round
Debt
9/16/2024
Total Funding Raised
$1.4B
Momentum Score
25 /100
Company Overview
Safaricom Telecommunications Ethiopia P.L.C. (STE) is a telecommunications and technology company that launched services in Ethiopia in October 2022. It is the first private company to receive a Unified Telecommunications Service License in the country, breaking the monopoly of the state-owned Ethio Telecom. The company provides a range of mobile services, including 2G, 3G, and 4G connectivity for voice and data, as well as the mobile money service M-Pesa. STE is owned by the Global Partnership for Ethiopia, an international consortium that includes Safaricom Plc (Kenya), Vodafone Group, Vodacom Group, Sumitomo Corporation, and British International Investment (BII). The company is undertaking a significant investment to build out its own network infrastructure across Ethiopia.
Sector
Telecommunications & Networking
Verticals
Internet Providers, Wireless Infrastructure, Digital Payments, 5G Infrastructure
Business Model
B2C
Customer Profile
Usage-Based SaaS, Payment Processing Fee, Hardware + Subscription, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Safaricom Telecommunications Ethiopia Comps
Public and private peers based on sector, stage, and business model.
Safaricom Telecommunications Ethiopia Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | 9/16/2024 | ||||
| VC Round | 5/14/2024 | ||||
| VC Round | 8/7/2023 | ||||
| Debt | 8/7/2023 | ||||
| Corporate Funding | 5/10/2023 | ||||
Corporate Funding | 6/2/2021 |
Key People
Founding team and executive leadership
Safaricom Telecommunications Ethiopia Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| International Finance Corporation | Debt, VC Round |
| Vodafone Group | Corporate Funding, VC Round |
| Sumitomo Corporation | Corporate Funding, VC Round |
| Foreign, Commonwealth & Development Office | Corporate Funding |
| British International Investment | Corporate Funding, VC Round |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 1, 2026
M-PESA service to integrate with EthSwitch, connecting to 15 banks.
- Feb 26, 2026
Partnered with M-PESA Ethiopia to launch the Dala AI Bundle.
Safaricom Telecommunications Ethiopia Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Safaricom Telecommunications Ethiopia's valuation, stock price, and market status.
