Hyperinflation, a boycott campaign, and stiffer-than-expected competition from a former local monopoly are standing in Safaricom's way to hit 10 million subscribers in Ethiopia by March next year.
<ul> <li>In May, the Kenyan telco was granted the license to operate mobile money services, M-Pesa. </li> <li>Although inflation has slightly eased from a high of 34 per cent last year, the current rate of 31.4 is still high.</li> </ul>
Hyperinflation, a boycott campaign, and stiffer-than-expected competition from a former local monopoly are standing in Safaricom's way to hit 10 million subscribers in Ethiopia by March next year.
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