President Uhuru Kenyatta has told Ethiopians that the entry of Kenya’s technology giant Safaricom will help transform their country by positively impacting most sectors of the 112 million population economy.

Using the example of Safaricom’s impact on the Kenyan economy over the years, President Kenyatta lauded Prime Minister Dr Abiy Ahmed and his administration for choosing to liberalize the country’s telecommunications sector.

“Today’s ceremony is the first step in an exciting and rewarding opportunity for Ethiopia. Kenya has seen the great gains and opportunities unleashed by Safaricom across the entirety of our socio-economic landscape.

“Ethiopia now stands at the cusp of making even greater strides in Safaricom’s areas of strength; which include digital presence, mobile money, telephony, data and fibre connectivity, and business solutions,” President Kenyatta said.

The President spoke Tuesday evening in Addis Ababa during the issuance of an operation license to the Safaricom led Global Partnership for Ethiopia consortium which won a Kshs 91.8 billion bid to operate in the country.