The Ethiopian government failed to attract any bidders for its third telecoms licence according to sources speaking to Bloomberg, as investors are put off by the current political instability in the country. A United Nations panel reported Ethiopia is at a high risk of seeing more war atrocities as tensions boil. Ethiopia announced plans to auction a third telecoms licence in July to spur competition in the telecoms sector. Ethiopia opened its doors to international companies and accepted Safaricom Ethiopia to rival state-owned Ethio Telecom in 2021. Business Daily reported, Safaricom gained over five million subscribers since launching commercial operations in 2022.

Source: Ethiopian News November 15, 2023 17:44 UTC