IPDC, Safaricom Ethiopia sign $60mln investment agreement

Addis Ababa, September 15, 2022 (FBC) – Industrial Parks Development Corporation –Ethiopia (IPDC) and Safaricom Ethiopia signed an investment agreement worth of $60 million in the ICT Park, Addis Ababa.

According to a statement from IPDC, the agreement grants Safaricom Ethiopia to invest $60,000,000 to modernize the telecommunications sector in Ethiopia.

Sandokan Debebe, CEO of IPDC, and Anwar Soussa, CEO of Safaricom Ethiopia signed the agreement.