Sun, 08-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Safaricom Signs 5-Year Lease Infrastructure Agreement with Ethiopia

    Eunniah
    By Eunniah Mbabazi
    - March 14, 2022
    - March 14, 2022
    African Wall StreetKenya Business newsTechnology
    Safaricom Signs 5-Year Lease Infrastructure Agreement with Ethiopia

    Safaricom has signed a five-year lease agreement with Ethiopia’s state-owned power utility, Ethiopian Electric Power enterprise (EEP), to share dark fiber-optic infrastructure.

    The shared infrastructure will be part of Safaricom’s network to provide telecommunications services in forms of voice, data, video, text, messages, and conferencing.

    EEP has already built a network of Optical Ground Wire (OPGW) cables and Safaricom will utilise these instead of building new ones.

    According to EEP, the lease agreement’s first phase allows Safaricom to share 4,097km of the cables, the second phase 2,078km and the third phase 2,904km long optic fiber lines. EEP’s high voltage transmission will also be used as part of Safaricom’s network.

    EEP currently has 15,000km of fiber optics lines out of which some 8,745km are leased to Ethio-Telecom.

    The company is expected to earn up to $2.7 million a year in the first phase of the infrastructure lease agreement with Safaricom Ethiopia.

    Safaricom says it has finalised preparations to launch commercial operations to provide telecom service in Ethiopia, becoming the first private and foreign entity to offer these services in the country.

    See Also:

    M-PESA Hits 30 million Monthly Active customers

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa