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

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...