DtheK wrote:In the long term it will be a positive.
In the short term being that saf Ethiopia is highly indebted in Birr won't they have a hyper inflationary gain thing?
Don't forget IFC is invested in saf Ethiopia and is looking to lend them a couple of tens of Billions KES (in USD of course), they'd favor and influence for a system that makes it easy for saf Ethiopia to pay them back and receive dividends in future.
For saf it pays to have friends/share holders in high places.
Will Safaricom Ethiopia be able to pay all that debt?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle