page contents
Connect with us

Motherland News

Ethiopia exposes telecoms sector to local competition.

Published

on

Ethiopia’s state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials said.

Ethio Telecom has more than 16 million subscribers of internet services in the country of over 100 million people.



It generated over 27.7 billion birr ($1 billion) in revenues in the first nine months of 2017/18, 70 percent of which was earned from mobile services and 18 percent from internet.

Our objective of signing VISP (virtual internet service provider) agreements is to increase subscriptions,” said Abdurahim Ahmed, the company’s head of communications.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

“There may be price reductions. There will be competition among themselves, that is the core idea,” he told Reuters.

Abdurahim said eight firms have so far signed up to provide the services, which include different internet packages. Foreign companies were not allowed to provide services, he said.

Ethiopia is one of few African countries to still have a state monopoly in telecoms. The companies that signed agreements with Ethio Telecom have either just been established to sign up for this new business or they were previously doing other business.

Addis Ababa has ruled out liberalising the telecoms sector, saying the revenue it generates was being spent on infrastructure projects such as railways.

TO DOWNLOAD OUR MOBILE TV APP CLICK HERE
WATCH FREE MOBILE TV CHANNELS HERE

Business

Absa became the new competitor on the Ethiopia market.

Published

on

Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

IMG-20180912-WA0030

Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Motherland News

Black box of the Ethiopian Airline Crash recovered.

Published

on

The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



IMG-20180912-WA0030

Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved