The Ethiopian government has set February 2021 as the new deadline for completing the opening of the telecom market to competition through the partial privatization of the incumbent operator Ethio Telecom and the award of two new telecom licenses. Eyob Tekalign, the Minister of Finance, said that the state has a timetable, from January to February, for both processes. He stressed that the reform initiated since 2018 by the government is “on the right track”.
The telecom reform aims to bring much-needed foreign exchange and stimulate the economy while improving connectivity across the country. It was scheduled for this year but has been delayed by the Covid-19 pandemic, regulatory complexities, and a thwarted attempt to hold national elections.
As of July, the Ministry of Finance and the Ethiopian Communications Authority (ECA) already had 11 companies bidding to enter the national telecom market: Global Partnership for Ethiopia (a consortium of telecom operators consisting of Vodafone, Vodacom and Safaricom), Etisalat, Axian, MTN, Orange, Saudi Telecom Company, Telkom SA, Liquid Telecom, Snail Mobile, Kandu Global Telecommunications and Electromecha International Projects.
As a reminder, there was a rumor that the regulatory authority had suspended the telecom privatization process but the Prime Minister, Abiy Ahmed, tweeted a denial on September 7.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Heat waves are intensifying pressure on crops, livestock, and rural economies Around 1.23 billion people dependent on agriculture are already...
Arrow Minerals opts for negotiation with Guinea after permit revocations halted its Niagara and Simandou Nord projects. Other firms have launched...
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
CFA zone subsidiaries generate 80% of UBA’s net profit in 2025 Earnings from francophone units have increased more than eightfold since 2020 Côte...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...