Ethiopia licence hitch stalls M-Pesa expansion plan - News Summed Up

Ethiopia licence hitch stalls M-Pesa expansion plan


Ethiopia has suspended bids for a second telecommunication licence that was to include mobile money, stalling Safaricom’s quest to launch M-Pesa in the country. ECA’s initial plan was to issue the second licence by end of this month after going through bids that would come from international and national telecommunications operators. The Safaricom-led consortium, which includes Vodacom and Vodafone, was in May last year granted a telecommunication licence for Ethiopia following a USD850 million (Sh96.3 billion) bid. Ethiopia’s only telco, Ethio Telecom, launched mobile money in May last year, with Prime Minister Abiy Ahmed saying mobile money would be open to other telcos within a year. Ethiopia has a population of over 112 million people, making it the second largest country in Africa by population.


Source: Standard Digital January 12, 2022 06:42 UTC



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