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.
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Exports of semi-processed cashew kernels to Vietnam are rising across the region Experts warn the trend undermines local value addition and...
SAIC 2026 investments are expected to create over 200,000 permanent jobs Projects already underway in energy and infrastructure are driving...
Asante launches strategic review of Chirano and Bibiani mines Output fell sharply in 2025 despite higher gold prices boosting...
U.S. and Australia signal growing interest in Cameroon’s critical minerals Focus includes cobalt, nickel, manganese, rutile, and scandium...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...