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.
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Shareholders rejected a A$170 million equity placementinvolving Afriland Bourse & Investissement and Eagle Eye Asset Holdings. Canyon Resources...
Proparco commits $15 millionto the African Transition Acceleration Fund (ATAF), a vehicle targeting early-stage climate infrastructure in...
Shell identified gas shows in the Sirius-1X exploration well drilled offshore Egypt in the Mediterranean. The well lies in the North East El‑Ameriya...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...