Safaricom is deploying a new prefabricated data center in the Ethiopian capital Addis Ababa, as the telco begins to launch operations in the country. Anwar Soussa, managing director of Safaricom Ethiopia, said late last month the company’s first data center has arrived in Addis and the company is working on its network rollout. “At such...
Ethiopia has cancelled its plan to offer a new telecoms licence that would have brought a third company into the market, compete with Ethio Telecom and Safaricom. The Ethiopian Communications Authority (ECA) said in a note to the industry that it had received “concerns and requests from several prospective bidders to delay the process”. The...
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...
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...
Ethio Telecom lost ETB 1.9 billion in revenue due to the conflict in the northern part of the country and as a result, its revenue for Q1 of the 2021/22 Ethiopian fiscal year fell 12 percent short of its planned ETB 15.4 billion, reports The Reporter. Gross profit amounted to ETB 5.9 billion, which is...
The state telecom giant, ethio telecom, lost 1.9 billion Birr in revenue due to the conflict in the northern part of the country. As a result, its revenue for the first quarter of 2021/22 Ethiopian fiscal year fell 12 percent short of its planned 15.4 billion Birr. Yet, ethio telecom managed to bag 5.9...
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...
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...
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...
