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Ethiopia: “Digitalisation Is A Key To Prosperity,” Says CEO Of Safaricom

July 21, 2024
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Home Digital Transformation

Ethiopia: “Digitalisation Is A Key To Prosperity,” Says CEO Of Safaricom

July 21, 2024
Reading Time: 2 mins read
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Wim Vanhelleputte, CEO of Safaricom Ethiopia, has declared that digital transformation is a national priority for the East African country and outlined the core elements for its implementation.

Vanhelleputte was taking part in the Accelerated Digital Transformation Summit, which is currently taking place in Addis Ababa.

The recently appointed Safaricom Ethiopia CEO gave a keynote speech during the summit’s inaugural session on ‘Operator Perspectives on National Priorities’.

In his speech, he said that digital transformation is Ethiopia’s top national priority and listed critical areas that need addressing to make it possible, including the deployment of digital infrastructure.

He added that while his company has been actively developing its network, it has supplemented this with infrastructure sharing.

Vanhelleputte said smartphone affordability is another challenge facing Ethiopia, adding that these devices are “the gateway to digital life.”

Vanhelleputte also noted that digital payment platforms that are not monopolistic must provide customers with different ways to experience digital services.

He added that digital payment platforms must be built on interoperability to ensure they communicate.

Another element for Vanhelleputte is open APIs, saying anyone should be able to plug into multiple platforms and create solutions to local problems.

In addition to openness and collaboration, he said, “There are many talented Ethiopians, and we need to empower them to realise their innovative potential.”

Vanhelleputte’s sentiments mirror Safaricom Ethiopia’s strategy of betting on the East African country’s digital future for its success.

Speaking at Safaricom’s second investor day in Addis Ababa last week, Safaricom Group CEO Peter Ndegwa expressed his views on the topic.

Ndengwa gave a progress update on the company’s rollout of operations in Ethiopia.

Safaricom Ethiopia began commercial operations in October 2022. As of December 31, 2023, Safaricom Ethiopia had approximately 2,200 base stations serving 33 cities and towns, accounting for over 30% of total population coverage.

Furthermore, M-PESA currently has over three million customers and is fast expanding, according to the firm.

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