June 14, 2024

Safaricom seeking office in Ethiopia amid civil unrest

2 min read

Safaricom seeking to lease and occupy an office in Ethiopia by next year amid civil unrest

Safaricom intends to lease and occupy an office building in Addis Ababa as a base of operations by the beginning of next year.

Safaricom plans to sublet a large block of office space in Addis Ababa’s core business district for three years, according to tender documents.

“We’re seeking an appropriate office space within Addis Ababa’s central business district for certain of our activities.

“The office must be ready for occupation not later than January 1, 2022,” Safaricom stated.

It stated that the chosen office must be located within 5 kilometers of Addis Ababa’s city center and in a secure region.

It added that it must be adequately served by main roads and conveniently accessible from Bole International Airport.”

Last month, Safaricom withdrew some of its staff from Ethiopia due to armed conflict and civil upheaval, as a raging battle between Ethiopia’s government and forces in the country’s northern Tigray area threw the country into chaos and threatened to impair the company’s operations.

The Safaricom consortium, which also comprises the CDC Group of the United Kingdom and Sumitomo Corporation of Japan, obtained the license with an $850 million offer and plans to begin operations in Ethiopia next year.

It intends to begin commercial operations by the middle of next year.

The war is threatening the stability of Ethiopia, Africa’s second-most populous nation, which Kenyan major enterprises, such as Safaricom, see as a feasible investment frontier.

Investors have been on edge as a result of the fighting, which has caused a famine crisis that has left millions of people in need of humanitarian assistance.

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