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EthSwitch, Ethiopia s e-payments provider, secures $2 33 million grant from the African Development Bank

Share this article Electronic payments in Ethiopia are about to get a facelift following the approval of a $2.33 million grant by the African Development Bank (AfDB) for EthSwitch. EthSwitch is the official backbone for e-payments providers and end-users in the country. It runs Ethiopay, the card scheme that helps Ethiopian banks issue payment cards. As the country’s national payment switch, EthSwitch also handles dispute resolution for financial institutions. The National Bank of Ethiopia facilitated EthSwitch’s establishment in 2011 and owns a 46% stake in the company, while commercial banks (about 17 of them) in Ethiopia own the rest. The intention was to create a modern national payments system and accelerate financial inclusion in the country. 

Ethiopian regulator poised to open telecom licence bidding

Telecompaper Ethiopian regulator poised to open telecom licence bidding Friday 5 March 2021 | 09:40 CET | News The Ethiopian Communications Authority (ECA) was due on 05 March to launch the final request for proposal (RFP) to issue two nationwide full service licences, Addis Fortune reported. The bid will be open for a month until 05 April and the National Evaluation Committee formed by the Ministry of Finance, the ECA and the Prime Minister s Office will handle the technical and financial evaluations, which are expected to be finalised by mid-May. Already the team has held a conference with the bidders before floating the final bid. Thank you for visiting Telecompaper

Safaricom to know fate of Ethiopia licence May

Safaricom to know fate of Ethiopia licence May Wednesday February 24 2021 By BRIAN NGUGI Summary Safaricom will learn if a bid to get a licence to operate in Ethiopia one of the world s last major closed telecoms markets will be successful by May this year. This is after Ethiopia said it will now award two telecoms licences to multinational mobile companies in May this year after pushing forward the deadline in response to requests for extension of time from interested bidders. Safaricom #ticker:SCOM will learn if a bid to get a licence to operate in Ethiopia one of the world s last major closed telecoms markets will be successful by May this year.

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