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.
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Civil nuclear power has long been a source of controversy, but driven by the energy transition, it is gaining ground globally, reviving both expectations...
Ghana reviewing fuel taxes after recent pump price increases Minister says no decision yet; options include levy reductions Rising global oil prices...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...
World Bank to mobilize $550 million for Kenya road project Project to upgrade 508 km, boosting regional trade links Corridor to cut...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...