Vodacom’s Anwar Soussa named head of Global Partnership for Ethiopia
The partnership aims to start operations in Ethiopia as early as 2022.
The partnership aims to start operations in Ethiopia as early as 2022.
Funding from the USIDFC was expected to be halted due to US government sanctions on Ethiopian officials and economic activities.
The consortium offered up USD 850 million for the license fee and USD 8.5 billion in investments.
There are only two effective bidders given that Vodafone, Vodacom, CDC Group, Safaricom, and Sumitomo Corporation submitted a joint application with MTN submitting the other application.
Within the past month Ethio Telecom, in collaboration with Huawei, has launched 4G services in the South-South West region and in cities like Adama, Bishoftu, Awash, and others.
Safaricom CEO had announced that it had made the shortlist for the Ethio Telecom licenses being bid for
The National Bank of Ethiopia has issues a directive that prohibits foreign companies from providing digital banking services; meanwhile Ethio Telecom is in the process of finalizing its own digital…
The extension comes after companies that are involved in the bidding process requested more time to get their bids fully in order.
The reduced bid is a byproduct of the prohibition of foreign mobile banking services.