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...

Ethiopia has opened itself to propositions for a minority stake in Ethio Telecom as the government continues its strategy to broaden the telecoms private sector. The Ministry of Finance detailed in a statement it is open to offers for a 45% stake in Ethio Telecom, 5% more than what the government was preparing in November. The...

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...

For several months, Ethio Telecom has been stepping up initiatives to better face up to the competition introduced to the telecom market by Safaricom. For the current financial year, the company hopes to reach 73.5 million subscribers and generate 1.4 billion USD.  Incumbent operator Ethio Telecom revealed on Thursday January 12 that it generated a total...