Safaricom, is considering buying a stake in Ethiopia’s telecoms monopoly under a privatization plan. The company joins many other mobile operators like Orange, MTN, Etisalat, Zain and Vodafone with interest in Ethio Telecom. Acquiring a stake by Safaricom would be a much easier solution for the company than starting afresh and setting up its own telecommunication company. The rigorous process of buying land, constructing buildings, recruiting staff and growing its brand in the Ethiopian market is time-consuming and hectic. Not to mention competing for users with the dominant Ethio Telecom. With a subscriber base of 44 million, Ethio Telecom makes Ethiopia the largest single-country customer base in Africa. This figure, coupled with Ethiopia’s fast-growing mobile market, is an attraction for global investors.
Airbus A380 Custom ($500 million): This is the most expensive private jet in the world, owned by Al-Waleed Bin Talal from Saudi Arabia and a member of the Saudi royal family – House of Saud. Prince Al-Waleed bin Talal has the eighth-highest amount given to charity ($3.5 billion) among the greatest philanthropists. He’s the 50th richest man in the world. He has almost everything gold plated in the plane and comes with a solid gold throne in the middle. The jet is referred to as Kingdom in the Sky and comes with a Turkish bath, a garage where he can park his Rolls Royce and even a prayer room with electronic mat that automatically rotates to face Mecca.
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