In a major policy shift, the Government of Ethiopia decides to liberalize major state monopoly companies including Ethiopian Airlines, Ethio Telecom, Ethiopian shipping Lines and Ethiopian Electric Power Corporation. In 205/16 Ethio Telecom has generated total revenue of 28.4 billion birr (around $1.1 billion at the current exchange rate). It is not yet clear if the new decision of the government allows other telecom operators to compete with the Ethio Telecom. Ethiopian government has been refusing to liberalize the telecom and financial sector including banks and insurances. Liberalization of telecom sector in Ethiopia will lead to improvement in quality which calls a policy measure to improve the current telecom service status, according to Miyahel Desta’s paper, “Liberalization of telecommunication in Ethiopia challenges and prospects: citizens’ view and opinion’.

Source: News Business Ethiopia June 06, 2018 05:48 UTC