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In 2019, the government of Ethiopia initiated an economic reform program. It makes the opening of the capital of several public companies, in particular Ethio Telecom, a condition of its success. In an interview with the Ethiopian News Agency on Wednesday February 17, 2021, Biruk Taye, senior adviser to Ethiopia’s finance minister, announced the partial privatization of Ethio...

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No bids have been received yet for two new available telecommunications licences in Ethiopia, the Ethiopia Communications Authority (ECA) said on Wednesday. Ethiopia is seeking to liberalise its telecommunications industry by opening it up to international investors. A handful of regional and international operators, including Vodacom, under a consortium with Vodafone and Safaricom, as well...

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The Communications Authority of Ethiopia (ECA) said on Wednesday February 17 on its social media that it has yet to shortlist any company for the two mobile phone licenses put up for sale. His reaction follows statements from Michael Joseph, CEO of mobile operator Safaricom, who, in an interview with businessdailyafrica.com , indicates that “  there are about...

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The World Bank recommended the Ethiopian government stop offering preferential treatment to ethio-telecom, downplaying attempts to preserve the status quo of the state dominated sector. Expressing its displeasure towards the measure by the government of Ethiopia to ban foreign companies from being involved in digital banking services, the Bank warned that such a measure may...

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The new establishment regulation of ethio telecom approved by the Council of Ministers two weeks ago allows the company to invest in the international market, the telecom giant announced in a press briefing held at Hyatt Regency Hotel on January 21, 2020. The new establishment regulation gives ethio telecom the right to engage in different...