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...
The move will be a key foundation stone in the digitalisation efforts of the entire East Africa region Ethio Telecom has announced that it has dramatically boosted the availability of 4G/LTE network services in Ethiopia, in a move that will see the company extend LTE services to regions outside of the capital, Addis Ababa. Ethio...
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...
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...
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...
Ethiopia Commissions Authority have just tweeted: Subsequent to requests received from bidders during the question and answer period of the RFP for the two nationwide telecom licenses, ECA would like to announce that the bid submission date of the RFP has been adjusted. As such, the new RFP submission date is now April 5, 2021....
Airtel Africa has confirmed that it will not bid for the opportunity to be an MNO in Ethiopia, where government plans have been announced to invite tenders for two new operator licences. The Ethiopian government also has plans to sell a minority stake in the state-owned company Ethio Telecom within nine months. According to Reuters,...
Ethio Telecom has hired KPMG East Africa to evaluate its entire business and this is expected to take eight weeks, Addis Fortune reported. It hired KPMG through a single sourcing procurement method via negotiations. This is an extension of the project that KPMG was awarded in 2020 to do an asset valuation under International Financial...
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...
Proceeds from the partial privatization of Ethio-Telcom will be deposited in the Industrial Development Fund account opened by the Ministry of Finance (MoF), The Reporter has learnt. While the allocation modalities of the fund will be decided based on a directive by the Ministry, it is expected to be used to develop existing and new industrial enterprises...
