Ethiopia Archives - Extensia-ltd

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More Africa NewsEthiopia: Faster, cheaper: How ending the government monopoly improved Ethiopia’s internet

March 20, 2023by myles0

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...

More Africa News Safaricom Ethiopia announces MoU with major bank

March 8, 2023by myles0

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...

More Africa NewsEthio Telecom bullish on mobile money strategy

March 7, 2023by myles1

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...

More Africa NewsEthiopia: Ugandan MPs Describes Ethiopia’s Legal Framework, Policy On Technology As Clear and Focused

February 27, 2023by myles0

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....

More Africa News Ethiopia prices mobile money licence at $150m

February 22, 2023by myles0

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...

More Africa NewsInternet shutdowns: Ethiopian businesses lose US$146-million

February 22, 2023by myles0

A new report says Ethiopian businesses have lost about US$146-million due to the internet shutdown in the Tigray region last year that affected over one million internet users. The report by Top10VPN, a VPN service provider, said there was no internet connection for a total of 8 760 hours in 2022. In addition to crippling digital...

More Africa NewsSafaricom plans to replicate Kenya’s success formula in Ethiopia

February 20, 2023by myles0

Safaricom says it has a plan to enable its Ethiopia operation to reach the heights of success its Kenya operation has and do so within the next ten years. At the company’s first investor day hosted recently in Nairobi, Anwar Soussa, Safaricom Telecommunications Ethiopia PLC CEO, said: “With a population of approximately 120 million people,...

More Africa NewsEthiopia: Stakes just got higher for Ethio Telecom

February 16, 2023by myles0

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...

More Africa News Ethiopia offers 45% of Ethio Telecom to investors

February 13, 2023by myles0

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...

More Africa NewsEthio Telecom starts innovation project in link with Huawei

February 9, 2023by myles0

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...

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