Nairobi, Nov. 6 -- Safaricom Plc shareholding in its Ethiopian subsidiary fell slightly to 54.09 percent in the six months to September after a Sh25 billion ($193 million) new funding round for the business.

The telecoms shareholding in the unit registered a slight fall from 54.17 percent in March this year, even as its cumulative funding in Safaricom Telecommunications Ethiopia (STE) rose 3.4 percent to Sh164.3 billion ($1.265 billion) from Sh158.8 billion ($1.223 billion).

Published by HT Digital Content Services with permission from Business Daily....