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African titans Vodacom, MTN battle for lucrative Ethiopia deal Monday May 03 2021 Balcha Reba (2nd left), director-general of the Ethiopian Communications Authority, shows a proposal from a bidder during the big opening ceremony for the telecommunications licences award, in Addis Ababa on April 26, 2021. Ethiopia announced it had received two bids for licences that would end the government’s monopoly in the telecoms sector. PHOTO | AFP Advertisement The battle for the lucrative Ethiopian telecommunications market has narrowed down to consortia led by two of Africa’s telecom giants, Vodac...

Safaricom gets boost as top firms snub Ethiopia bid Summary The fact that only two bids were made has narrowed the agency’s options and the bidding process could be reopened, especially if the financial offers fall below the government’s targets. While both Safaricom and MTN have substantial financial backing, they have emphasised that they will not overpay for the Ethiopian licences. Wednesday April 28 2021 By VICTOR JUMA Summary The fact that only two bids were made has narrowed the agency’s options and the bidding process could be reopened, especially if the financial offers fall bel...

Safaricom shortlisted for Ethiopia telco licence bid Wednesday February 17 2021 Safaricom Plc CEO Peter Ndegwa with Chief Customer Officer Sylvia Mulinge (left) during the telco's 20-year celebration in Nairobi on October 27, 2020. PHOTO | DIANA NGILA | NMG By BRIAN NGUGI Summary Safaricom has made it to the shortlist of six firms that have been cleared to bid for one of two Ethiopian telecoms licences that will be offered this year. The Ethiopian Communications Authority has whittled the list down from a consortia of 12 that had expressed interest in entering the country’s telecommunicatio...

Events that will shape 2021 Friday January 01 2021 By BD TEAM Locals take over top EABL, BAT jobs East African Breweries Limited (EABL) and British American Tobacco (BAT) will from January 1 be managed by new chief executives following the changes announced in December. Jane Karuku will assume office as the new EABL group managing director while Crispin Achola will also start a similar role at BAT. The changes come after the respective companies announced that the term of the current managing directors—both being foreigners— are expiring December 31.  In the last four and a half years An...

Safaricom group taps Sh55bn loan for Ethiopia entry Monday December 21 2020 By VICTOR JUMA Summary Safaricom and its parent companies Vodafone Group Plc and Vodacom Group Limited have formed a joint venture – Global Partnership for Ethiopia — through which they are bidding for one of two telecommunications licences being auctioned in that country. The financial investment in Ethiopia is expected to top the $1 billion (Sh111 billion) mark, with the DFC loan deal seen as part of the project’s fundraising efforts. Safaricom had earlier said it was ready to take more debt in its role as the...