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The World Bank plans to invest US$200-million in Ethiopia’s telecommunications industry but wants the country’s government to open this market up to competition. Ousmane Dione, World Bank country director for Ethiopia, Sudan, South Sudan and Eritrea said the organisation will invest in Ethiopia’s digital economy and drive a new Digital Ethiopia Foundations project. He said...

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Ethio Telecom has taken a further step into the fintech market by launching its first mobile payment service today. The new service, Tele Birr, is a community-friendly and comprehensive mobile money transfer and trading system that aimed to boost financial service inclusion in the country. Prime Minister Abiy Ahmed, regional heads of state, and senior...

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The Ethiopian Communications Authority (ECA) has confirmed that the Global Partnership for Ethiopia consortium (represented by Vodacom, Vodafone, Safaricom and Sumitomo) and MTN have submitted their respective bids for available telecommunications licences. In a statement, the ECA announced close of bids submission period for the new nationwide services licences officially launched after publication of the...

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Ethio Telecom, the – for now – monopoly telecommunications provider in Ethiopia, has announced the roll-out of a mobile money service. Called TeleBirr, it will be available to Ethio Telecom subscribers from May this year. Although the government is planning to allow two new operators to compete with Ethio Telecom, they won’t be permitted to...

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MTN Group confirms that it is participating with equity partners in a bid for a telecoms licence in Ethiopia, Africa’s second most-populous country. In a statement the operator described the region as representing “…. the last and largest telco liberalisation opportunity in the world.” The company stated that its participation is aligned with our strategy,...