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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...

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New arrival in the market – and now the second national operator in the country – Safaricom Ethiopia and Commercial Bank of Ethiopia have signed an MoU. The MoU, signed last week, outlines a strategic partnership to utilize the potential of the institutions’ capacities and enhance the financial service delivery of the Bank to jointly...

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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...

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The policy and the legal framework of Ethiopia on science and technology are very clear and focused, a Ugandan parliamentary delegation told ENA. The parliamentarians, who had been on a five-day visit to Ethiopia, noted that the legal framework and policy of the country has helped to move it milestones in science, technology and innovation....

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Ethiopia has reportedly publicised a demand of US$150 million from Safaricom for the operator to deploy its M-Pesa mobile money platform in the country, with talks to be held this week. A document published by the National Bank of Ethiopia, read: “A foreign national applicant shall present evidence for the payment of $150 million or...

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Ethiopia’s government has increased the amount of its planned partial privatisation of incumbent operator Ethio Telecom to 45%, up from the previously announced amount of 40%. In November last year, the Ethiopian government announced the revival of the privatisation process of Ethio Telecom saying it would sale a 40% stake in the company in order...

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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...