Sumitomo, Vodaphone enter African market

UK-Japan News June 2021

Trading firm Sumitomo Corporation has teamed up with Vodaphone Group Plc to offer mobile services in Ethiopia. 

In a 24 May article published by Nikkei Asia, it was revealed that the collaboration includes the CDC Group, a UK government-owned development finance institution. 

This will make Sumitomo the first Japanese firm to enter the African mobile phone market, and it is said that they will hold a stake of just under 30 percent.