Ethiopia Expects Two New Telecom Companies by September

May 2 , 2020


[ssba-buttons]

By September, three full telecommunications service providers are expected to be licensed by the Ethiopian Communications Authority, the newly formed organ in charge of regulating telecom and radio frequency, including two new operators beside the existing state-owned Ethio telecom. The Authority availed a draft communication licensing directive last week that will enable it to issue licenses to full operators and class service providers. The 19-page draft, which has been availed for stakeholder consultation, states that companies with unified licenses, aka full-service providers, can deliver all mobile, internet and fixed call services to customers. Class license holders can engage with telecommunications infrastructure, internet service, value-added services, virtual internet, and hosting services, among other elements.  The three full-service operators will be licensed for 15 years, and their licenses will be subject for renewal, according to the directive, which is open for comments until May 11, 2020. The Authority also availed two more draft directives that handle dispute resolution and consumer rights and protection. The Authority aims to issue a total of 12 directives, six of which will enable the Authority to issue licenses for the new service operators.  For the issuance of the three licenses to the full-service operators, the Authority is working on a document to announce it is looking for bidders. It will then announce a tender for the companies that respond. Ethio telecom is also required to re-register.


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...