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During the first week of November, the risk of escalating armed conflict between the government and rebel groups forced Safaricom to evacuate its staff to Kenya. Although the security situation remains tense, the telecoms company remains firm on its initial launch schedule. Mobile operator Safaricom has reassured the Communications Authority of Ethiopia (ECA) about the launch...

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Thunes, a leading global payments platform, today announced a partnership with Ethio telecom, Ethiopia’s largest telecom operator with more than 59 million subscribers. With access to Thunes network, telebirr will become the first telecom operator-led money transfer service in Ethiopia to deliver a fast, transparent and cost-effective money transfer experience to its customer base of over 11 million mobile money users. This...

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Despite ongoing conflict in Ethiopia, ICT and telecommunications firm Safaricom is confident of its plans to operate in the country and has stipulated a Capex investment target of between US$1.5-billion and US$2-billion in the first five years. The company announced its target in its H1 FY22 results and remains upbeat about the Ethiopian market, although...

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Existing and potential investors in Ethiopia’s telecommunications industry are unnerved by rising civil conflict in the Tigray region, a crisis that Prime Minister Abiy Ahmed is struggling to control, burdened by the country’s reputation for restricting digital communication channels and connectivity. The Tigrayan conflict was triggered in November last year and resulted in disruption to...

The liberalization of the Ethiopian telecoms market, initiated in 2019, has not only had an impact on mobile telephone operators. Opportunities have also arisen in related sectors such as equipment. Lootah Industries Plc is camped there with great ambitions. The SIM card manufacturing plant of local company Lootah Industries PLC, located in the Haile Garment area of...

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Ethiopia’s opening up of telecommunication industry for new telecom service operators will facilitate its digital transformation efforts and attract related businesses, Innovation and Technology Digital Transformation Program Director Abiyot Bayou said. Following Ethiopia’s telecom liberalization move, the global consortium made up of Safaricom, Vodafone, Japan’s Sumitomo, and UK finance agency CDC Group was awarded telecom...