New Business Ethiopia

NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr (about $13.9 billion) for the next budget year of Ethiopia which begins July 8, 2020.

The Government of Ethiopia, which has been on the process of privatizing telecom and opening the sector for competition, has said there will be only three competing telecom operators in the country.

By Kebour Ghenna – In Ethiopia, the next big item for sale is the Ethio Telecom. The Prime Minister is excited about it, his advisors are committed to it, and the World Bank is doing the advising. The justification for privatization, in this case, the transfer of public asset to international private investors, is that […]

Following Ethiopian Government decision to liberalize its telecom market by partly privatizing the state owned telecom service provider – Ethio Telecom, South Africa based TMT Finance forecasts a record high growth in telecom investment in Africa in 2019.

Ethio Telecom, the state monopoly telecom service provider in Ethiopia is set to be among the first state enterprises set for partial privatization.

Ethiopia’s state monopoly telecommunication service provider, Ethio Telcom, has earned 16.71 billion birr revenue ($593 million at the current exchange rate) in the first six months of Ethiopia’s fiscal year started July 8, 2018.

The German Development Cooperation Minister, Gerd Muller, who is on official visit to Ethiopia, says German’s telecom giant, T-Systems operated by Deutsche Telecom Group is interested to joint venture with Ethio Telecom.