Authority Sets January Deadline for Telecom License

Oct 2 , 2021


The Ethiopian Communications Authority (ECA) has set January 2022 as the deadline to issue a second telecom operator's license. Last week, the Authority issued a Request for Proposals (RFP) from prospective investors interested in acquiring the license, dubbed "License B." Bidders are expected submit their proposals by December 20, 2021, should they have an interest to invest in the telecom industry of Africa's second most populous country. In contrary to the restriction in place when the tender to award the first telecom license was floated, mobile banking services will be open to the winning bidder this time. The last tender saw two bidders, MTN and the Safaricom-led consortium, though officials had hoped more investors would show interest. The Safaricom consortium is gearing up to launch operations in 2022 after successfully acquiring a license for 850 million dollars earlier this year.


Radar

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...