Safaricom-led consortium appoints Anwar Soussa as CEO of new Ethiopian unit, Telecom News, ET Telecom
The consortium, which includes South Africa’s Vodacom and Britain’s Vodafone, won an operating license in May with a bid of $ 850 million to set up a telecommunications company in Africa’s second most populous country.
Ethiopia, one of the last major closed telecom markets in the world, is opening up its telecom sector and hoping to create millions of job opportunities online. In addition to issuing the license, it plans to sell a 45% stake in the public mobile operator Ethio Telecom.
The Safaricom consortium plans to invest up to $ 8.5 billion in the country’s infrastructure and other areas.
“Anwar will lead the Ethiopian Operating Company on behalf of the Global Partnership for Ethiopia Consortium,” Ndegwa said in a statement.
Soussa, a Greek national, has been managing director of Vodacom in the Democratic Republic of the Congo and chairman of the Vodacash mobile unit since 2017, Ndegwa said.
Prior to joining Vodacom, Soussa was CEO of Airtel in Uganda and Chad and had also worked for South African telecommunications company MTN.
In his new role, Soussa will report to the board of the Ethiopian company and the CEO of Safaricom.
The other partners in the consortium are the UK development finance agency CDC Group and the Japanese company Sumitomo Corporation.
(Reporting by Duncan Miriri; written by Omar Mohammed; edited by Barbara Lewis)