Independence House, York, YO26 6PH +44 7553 367931 08:00-17:00
https://extensia-ltd.com/wp-content/uploads/2020/04/1.png

Africa’s second-most populous nation ended its telecomms monopoly in 2022. Businesses are already seeing the benefits. The telecommunications industry in Ethiopia, Africa’s second-most populous country, was a monopoly of the state-owned Ethio Telecom until late last year. For the country’s nearly 30 million internet users — just 25% of the total population — this monopoly meant poor connectivity at...

https://extensia-ltd.com/wp-content/uploads/2020/04/1.png

Ethio Telecom CEO Frehiwot Tamru expressed confidence in the state-owned operator’s ability to remain a market leader while highlighting milestones the company made in its mobile money platform Telebirr, and repeating its ambition to transact half of Ethiopia’s GDP. Speaking at Mobile World Congress, Tamru highlighted the operator’s coverage rate of 99.1%, the high population...

https://extensia-ltd.com/wp-content/uploads/2020/04/1.png

Ethio Telecom, the state-owned incumbent in Ethiopia, has started a project to encourage start-up technology companies. The Ethiotel Innovation Programme, which is being run in association with the local branch of Chinese vendor Huawei, will focus on digital finance and technological businesses and innovators. Ethio Telecom CEO Frehiwot Tamiru (pictured) said: “This is a golden...

https://extensia-ltd.com/wp-content/uploads/2020/04/1.png

Telebirr was launched in May 2021. The platform attracted four million people in a few weeks and currently has more than 28 million users. Other mobile money services should soon enter the Ethiopian telecom market, which is in full liberalization. Ethiopian citizens will now be able to pay their taxes using Telebirr, the digital payment platform...

https://extensia-ltd.com/wp-content/uploads/2020/04/1.png

The number of subscribers using Ethio Telecom’s network, the leading telecom company in Ethiopia, reached 70 million by the end of December 2022, the company said. This was a gain of 9.2 million new customers since the beginning of July 2022 when its current financial year 2022/2023 started. According to Ethio Telecom: When it comes to...