Safaricom Telecommunications Ethiopia
[6][7][8] Safaricom Telecommunications Ethiopia (STE) was licensed on 9 July 2021 with the aim of liberalizing Ethiopian telecom market.The company sought operating within nine months since its formation but was disrupted by local socio-economic and security factors.STE considered to be a major competitor of Ethio Telecom, who monopolizes the country's telecommunication system in local market and began planning investment $8 billion in the next ten years.In October 2022, the International Finance Corporation (IFC) sought to negotiate with STE with $160 million dollar in its capital expenditure to provide basic quality of the telecom services.[9][10] In February 2022, STE completed the assembly of a Tier III, pre-fabricated data centre, that was manufactured in China.