Ethio Telecom

Safaricom to invest $600 million in Ethiopia

Kenyan operator Safaricom announced, late last week, plans to invest an initial $600 million in Ethiopia, as the telecom company looks to begin moving in its operations within the country following the liberalization of its telecoms sector. Safaricom’s chief executive Peter Ndegwa has suggested an expense of between $1.5 billion and $2 billion will be […]

Ethiopia’s RFP kicks off partial privatization of Ethio Telecom

Ethiopian authorities announced on Tuesday a bidding proposal for partial privatization of state-owned Ethio Telecom, inviting private investors to acquire a 40 percent stake in its lead telecom service provider. The country’s Ministry of Finance led the bidding process by delivering a request for proposal (RFP) for the partial privatization. The move is designed to […]

Ethiopia’s plan to revive its Telecom Sector

The slow process of releasing Ethiopia’s telecom market has finally reached an end with the licensing of East Africa’s Safaricom-led Global Partnership for Ethiopia’s consortium, granting the company a seat at the table to empower the government’s telecom services. Ethiopia is one of the last two countries in Africa to augment its national telco services […]