The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
President William Ruto arrived in Addis Ababa, Ethiopia, for bilateral talks with Prime Minister Abiy Ahmed and the launch of Safaricom Ethiopia. [PCS]
The ongoing conflict and economic crisis in neighbouring Ethiopia have cast a dark shadow over Safaricom's prospects, analysts say.
Safaricom's plans to expand its operations in the Horn of Africa country had recently received a huge financial boost after the World Bank's private investment arm injected $257.4 million (Sh40.1 billion) into the consortium.
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