Authority Extends Bid Deadline, Again

Apr 10 , 2021


[ssba-buttons]

The telecom liberalisation process has run into another stumbling block as the Ethiopian Communications Authority (ECA) announced early last week its decision to extend the bid submission deadline by three weeks. The Authority attributed the decision to push the deadline to April 26, 2021, to requests from potential bidders seeking to buy two telecom operating licenses. When issued, these licenses will end an over-a-century-old state monopoly in the telecommunications sector and open up one of the world’s last remaining telecoms markets under the state's hold. According to a statement it issued last week, the Authority believes the requests were appropriate "in light of the COVID market environment." It is the second extension by the Authority made since February this year, due to similar requests from interested parties. The Authority initiated the bidding process for two full-service telecom licenses last May and announced a call for an expression of interest (EOI). It attracted the attention of 11 companies, including Global Partnership for Ethiopia, a consortium of Vodafone, Vodacom and Safaricom; MTN; Etisalat; Orange; and Saudi Telecom Company. Meanwhile, Ethio telecom, currently the industry's sole operator, is gearing up to launch its own mobile money service after having secured a license to branch out of its core services for the first time in over a century of operation.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...