• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    To Our Dedicated Readers…
    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan
    African Leaders Lift-off African School of Governance…
    Zimbabwe in Alacrity to Participate in the Forthcoming Minerals Africa Summit in Cape Town South Africa
    Rwanda’s MPs in the Lower House started Nationwide Assessment on progress of the Agricultural Outreach season
    $2.8 Million has been Vitally signed by Grid Africa as an Equity Investment from Rifuwo Energy Partners
    The Elected African Table Tennis Federation Executive Council Agreed on a Memorandum of Understanding with Ethiopian Airlines

    The Safaricom Telecommunications Ethiopia consortium obtained a License to commence operations in Ethiopia

    Posted On 21 Jul 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Abdul Rahman Bangura–

    Photo Credit: AppsAfrica

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Ethiopian Communications Authority (ECA) has expressed that, the Global Partnership for Ethiopia has integrated and registered its local company – Safaricom Telecommunications Ethiopia. This whistles that the corporation will maintain the label
    Safaricom in the over 100 million in population market, steered by Anwar Soussa as the Managing Director as announced earlier July of 2021.

    The Safaricom-led consortium earned a designate license in May 2021 after achieving the bid and was given forty five days to register a local firm before getting the 15-year renewable operator license.

    “The ECA has granted a nationwide full-service Unified Telecommunications Service License to the Safaricom Telecommunications Ethiopia Plc practical from July 9th, 2021, valid for a term of fifteen years from the effective date, and renewable for additional terms of fifteen years liable to gratification of all license obligations,” ECA
    asserted in a message.

    Apparently, Ethiopia’s award of a new telecoms license, enables the direction to unlock the market to international investors for the first time in the country, guaranteeing economic development and growth. Safaricom possesses a bulk amount in the consortium, with other partners including British development finance agency CDC Group and Japan’s Sumitomo Corporation.

    The consortium earned the license with a bid of $850 million and strives to commence undertakings in Ethiopia in 2022. The proposals to broaden to Ethiopia have nevertheless been confounded by a US State financier compelling to remember its loans pursuing escalation of armed conflict in the horn of Africa nation. The US International Development Finance Corporation (DFC) announces that, the actions of unrest against civilians in Ethiopia’s Tigray region could cause the release of $500 million loan.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Chemical free Fertilizer pursues to bolster Organic Farming in Tanzania by way of boosting Markets for Crops produced for Organic Farmers initiated in Njombe

    Next Story

    African Export-Import Bank (Afreximbank) & Portugal, Enter Partnership to Promote Africa’s Textile and Manufacturing Industry in Europe

    12 Comments

    1. Makena July 21, 2021 at 2:37 am Reply

      Business of telecommunication is one of the fastest growing sector in Africa. Thanks to our young and computer smart population. Makena in Nairobi Kenya

      • New Africa Business News, Staff Correspondent July 21, 2021 at 2:59 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Jackie July 21, 2021 at 2:41 am Reply

      Communication companies are coming. Competition would determine the market price. Lusaka in Zambia. Jackie

      • New Africa Business News, Staff Correspondent July 21, 2021 at 2:59 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. David July 21, 2021 at 2:45 am Reply

      If business is what you like to do in our great Continent of Africa. Come invest. Kampala in Uganda. David

      • New Africa Business News, Staff Correspondent July 21, 2021 at 2:58 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Lisa July 21, 2021 at 2:49 am Reply

      Thank to our Countries that are passing great laws in Africa. Johannesburg SOUTH AFRICA. Lisa

      • New Africa Business News, Staff Correspondent July 21, 2021 at 2:58 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Randy July 21, 2021 at 2:53 am Reply

      Love your online newspaper and happy to read your million readers milestone. Great achievement. Gaborone in Botswana. Randy

      • New Africa Business News, Staff Correspondent July 21, 2021 at 2:58 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Felix July 21, 2021 at 2:55 am Reply

      Thank you for the daily newsletters. Felix in Paris, France

      • New Africa Business News, Staff Correspondent July 21, 2021 at 2:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    To Our Dedicated Readers...

    Posted On 04 Nov 2024

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    Posted On 04 Nov 2024

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Posted On 04 Nov 2024

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    Africa Leader of the Year 2023-2024, Rwanda's President Paul Kagame

    Posted On 21 May 2024

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Peace making leader. Congrat Paul...

    Posted On 15 Feb 2024

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Facebook

    Latest Posts

    To Our Dedicated Readers...

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Recent Posts

    • To Our Dedicated Readers…
    • Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    • The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    • ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • Obituary
    • Sport

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.