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Telecommunications in Ethiopia is a monopoly in the control of Ethio telecom, formerly the Ethiopian Telecommunications Corporation (ETC). As of 2012, 20.524 million cellular phones and 797,500 main line phones were in use.
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]
In Ethiopia, the Internet penetration rate is 25% as of January 2022, and it is currently attempting a broad expansion of access throughout the country. [1] These efforts have been hampered by the largely rural makeup of the Ethiopian population and the government's refusal to permit any privatization of the telecommunications market. [1]
Safaricom Telecommunications Ethiopia P.L.C. (STE), previously known as Global Partnership for Ethiopia BV (GPE), is a subsidiary of the Kenyan mobile operator Safaricom in Ethiopia, [2] licensed with fee of US$850 million on 9 July 2021. [3] [4] This fee made it the single largest foreign direct investment into Ethiopia.
Ethio telecom is owned by the Ethiopian government and maintains a monopoly over all telecommunication services in Ethiopia. [4] Based in Addis Ababa , it is one of the "Big-5" group of state owned corporations in Ethiopia, along with Ethiopian Airlines , the Commercial Bank of Ethiopia , Ethiopian Insurance Corporation , and the Ethiopian ...
Open Buy Back (OBB), are discountable securities traded in the Nigerian Inter-Bank financial market. An Open Buy Back is a money market instrument used to raise short term capital. It is a form of borrowing using Nigerian Government Securities as collateral. It is an open ended transaction with both parties maintaining the right of liquidation ...
In 2017, when Tedros Adhanom Ghebreyesus was appointed the World Health Organization's director general with an overwhelming two-thirds majority vote, Ethiopia was ecstatic. One of their own, and ...
The Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia. In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public."