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Safaricom, Equity Bank Ethiopian Connection
ChessMaster
#21 Posted : Sunday, December 16, 2012 11:56:26 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
mzeiya411 wrote:


A point of correction China's domestic market is almost the whole of EU and North America combined. If they lift enough guys to middle class status then they can shelter their economy from external economic shocks


How?
Uncertainty is certain.Let go
tom_boy
#22 Posted : Monday, December 17, 2012 10:16:27 AM
Rank: Member


Joined: 2/20/2007
Posts: 767
guru267 wrote:


Unless these guys open up their economy they are wasting time on billion dollar infrastructure projects!

Even China opened up when they realized the domestic economy cannot sustain itself!

These guys if they are not careful will end up like Cuba or North Korea Sad


I don't agree. Ethiopia needs to grow in a "sheltered economic space" before opening themselves up to be ravaged in the name of FDI. FDI should come in to maintain the flight and help the economy go further, not at take off stage.

India has very stringent rules on FDI. Almost everything sold in India is locally made .... including the cars and buses. The raging debate right now in their parliament is whether to allow Wal-Mart into the economy as there is no FDI in retail cureently in a population of 1.2 billion with a very large middle class. If you want a new car car in India, the waiting time is 3 months as you have to wait for it to be made. Importing 2nd hand cars is almost unheard of.

South Africa grew during Arpatheid despite sanctions.

My point is, FDI is not a must for growth to happen in a country.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
murchr
#23 Posted : Wednesday, May 02, 2018 8:47:09 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979


Sorry Safaricom and Equity
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
kawi254
#24 Posted : Wednesday, May 02, 2018 9:47:19 PM
Rank: Member


Joined: 2/20/2015
Posts: 464
Location: Nairobi
murchr wrote:


Sorry Safaricom and Equity


The Ethiopians refuse to be coloni$ed
sparkly
#25 Posted : Thursday, May 03, 2018 8:10:14 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:


Sorry Safaricom and Equity


Very many sectors are restricted, not just Banking and Telecoms.

http://ethiopianlaw.com/...gn-investors-in-ethiopia
Life is short. Live passionately.
NFag
#26 Posted : Monday, June 04, 2018 8:15:25 AM
Rank: New-farer


Joined: 8/11/2017
Posts: 15
Good info for me.
Ericsson
#27 Posted : Wednesday, June 06, 2018 11:21:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
https://www.bloomberg.co...cialflow-twitter-africa

Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more receptive to outside interests in Africa’s second-most populous nation.

Ethiopia will sell minority stakes to foreign and domestic investors in state monopolies such Ethio Telecom and Ethiopian Airlines Enterprise, the continent’s biggest airline, as well as Ethiopian Shipping & Logistics Services Enterprise, the state-run Ethiopian News Agency said late Tuesday, citing the ruling Ethiopian People’s Revolutionary Democratic Front.

“Foreigners with knowledge and foreign capital can play a critical role in our growth,” it said.

The East African country of more than 100 million people has long been a target of the biggest phone companies in Africa, including MTN Group Ltd. and Vodacom Group Ltd., the largest by sales and market value respectively. The government has until now been strict about keeping the industries in-house, but there are signs it’s opening up to the world since Abiy’s rise to power earlier this year.


Abiy AhmedPhotographer: Zacharias Abubeker/AFP via Getty Images
The move hints at Abiy’s intent for the nation ranked by the International Monetary Fund as Africa’s fastest-growing economy. He’s already reduced the role of Ethiopia’s military in construction and similar projects, and lifted a state of emergency introduced after former Prime Minister Hailemariam Desalegn quit in February.

Ethiopian Airlines has turned the nation’s capital, Addis Ababa, into Africa’s equivalent of the Persian Gulf hubs, linking almost 70 global cities with almost 60 across the continent. It’s also planning to take equity stakes in new operators in Zambia, Chad, Mozambique and Guinea.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Wororo
#28 Posted : Wednesday, June 06, 2018 2:44:24 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
Ericsson wrote:
https://www.bloomberg.com/news/articles/2018-06-05/ethiopia-moves-to-open-telecoms-airline-to-foreign-investors?utm_source=twitter&utm_medium=social&utm_content=africa&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-africa

Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more receptive to outside interests in Africa’s second-most populous nation.

Ethiopia will sell minority stakes to foreign and domestic investors in state monopolies such Ethio Telecom and Ethiopian Airlines Enterprise, the continent’s biggest airline, as well as Ethiopian Shipping & Logistics Services Enterprise, the state-run Ethiopian News Agency said late Tuesday, citing the ruling Ethiopian People’s Revolutionary Democratic Front.

“Foreigners with knowledge and foreign capital can play a critical role in our growth,” it said.

The East African country of more than 100 million people has long been a target of the biggest phone companies in Africa, including MTN Group Ltd. and Vodacom Group Ltd., the largest by sales and market value respectively. The government has until now been strict about keeping the industries in-house, but there are signs it’s opening up to the world since Abiy’s rise to power earlier this year.


Abiy AhmedPhotographer: Zacharias Abubeker/AFP via Getty Images
The move hints at Abiy’s intent for the nation ranked by the International Monetary Fund as Africa’s fastest-growing economy. He’s already reduced the role of Ethiopia’s military in construction and similar projects, and lifted a state of emergency introduced after former Prime Minister Hailemariam Desalegn quit in February.

Ethiopian Airlines has turned the nation’s capital, Addis Ababa, into Africa’s equivalent of the Persian Gulf hubs, linking almost 70 global cities with almost 60 across the continent. It’s also planning to take equity stakes in new operators in Zambia, Chad, Mozambique and Guinea.


If we are sincere enough, I believe the biggest beneficiaries of the opportunities in Ethiopia will be the South Africans - MTN Group in the telco and a South African Bank... Equity unless they start an operation from scratch in Ethiopia... Safaricom/Vodacom hasn't had great success in Africa when compared to MTN Group...
Ericsson
#29 Posted : Wednesday, June 06, 2018 3:19:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Wororo wrote:
Ericsson wrote:
https://www.bloomberg.com/news/articles/2018-06-05/ethiopia-moves-to-open-telecoms-airline-to-foreign-investors?utm_source=twitter&utm_medium=social&utm_content=africa&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-africa

Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more receptive to outside interests in Africa’s second-most populous nation.

Ethiopia will sell minority stakes to foreign and domestic investors in state monopolies such Ethio Telecom and Ethiopian Airlines Enterprise, the continent’s biggest airline, as well as Ethiopian Shipping & Logistics Services Enterprise, the state-run Ethiopian News Agency said late Tuesday, citing the ruling Ethiopian People’s Revolutionary Democratic Front.

“Foreigners with knowledge and foreign capital can play a critical role in our growth,” it said.

The East African country of more than 100 million people has long been a target of the biggest phone companies in Africa, including MTN Group Ltd. and Vodacom Group Ltd., the largest by sales and market value respectively. The government has until now been strict about keeping the industries in-house, but there are signs it’s opening up to the world since Abiy’s rise to power earlier this year.


Abiy AhmedPhotographer: Zacharias Abubeker/AFP via Getty Images
The move hints at Abiy’s intent for the nation ranked by the International Monetary Fund as Africa’s fastest-growing economy. He’s already reduced the role of Ethiopia’s military in construction and similar projects, and lifted a state of emergency introduced after former Prime Minister Hailemariam Desalegn quit in February.

Ethiopian Airlines has turned the nation’s capital, Addis Ababa, into Africa’s equivalent of the Persian Gulf hubs, linking almost 70 global cities with almost 60 across the continent. It’s also planning to take equity stakes in new operators in Zambia, Chad, Mozambique and Guinea.


If we are sincere enough, I believe the biggest beneficiaries of the opportunities in Ethiopia will be the South Africans - MTN Group in the telco and a South African Bank... Equity unless they start an operation from scratch in Ethiopia... Safaricom/Vodacom hasn't had great success in Africa when compared to MTN Group...


KCB has presence in Ethiopia 🇪🇹 through a representative office
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Wororo
#30 Posted : Wednesday, June 06, 2018 6:02:10 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...
murchr
#31 Posted : Wednesday, June 06, 2018 6:09:12 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Wororo
#32 Posted : Thursday, June 07, 2018 8:17:06 AM
Rank: Member


Joined: 1/30/2011
Posts: 207
murchr wrote:
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review


In Uganda MTN is the leader... As regards their license renewal, it'll be done albeit with conditions such as tower sharing etc In Rw, it's the leader... Their entry into KE and Tz hasn't been successful ... With regards to Ethiopia, I guess since they lead in Nigeria, which has a 120m plus mobile subscriber base, they have adequate experience...
Ericsson
#33 Posted : Thursday, June 07, 2018 9:19:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Wororo wrote:
murchr wrote:
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review


In Uganda MTN is the leader... As regards their license renewal, it'll be done albeit with conditions such as tower sharing etc In Rw, it's the leader... Their entry into KE and Tz hasn't been successful ... With regards to Ethiopia, I guess since they lead in Nigeria, which has a 120m plus mobile subscriber base, they have adequate experience...


MTN don't have GSM business in Kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Wororo
#34 Posted : Thursday, June 07, 2018 3:12:57 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
Ericsson wrote:
Wororo wrote:
murchr wrote:
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review


In Uganda MTN is the leader... As regards their license renewal, it'll be done albeit with conditions such as tower sharing etc In Rw, it's the leader... Their entry into KE and Tz hasn't been successful ... With regards to Ethiopia, I guess since they lead in Nigeria, which has a 120m plus mobile subscriber base, they have adequate experience...


MTN don't have GSM business in Kenya


That's what I meant...

Corruption swindled their opportunity to venture into Kenya when the French did the unexpected with the powers at be...
murchr
#35 Posted : Thursday, June 07, 2018 3:56:14 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Wororo wrote:
murchr wrote:
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review


In Uganda MTN is the leader... As regards their license renewal, it'll be done albeit with conditions such as tower sharing etc In Rw, it's the leader... Their entry into KE and Tz hasn't been successful ... With regards to Ethiopia, I guess since they lead in Nigeria, which has a 120m plus mobile subscriber base, they have adequate experience...


It will be renewed with stipulation
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#36 Posted : Sunday, June 10, 2018 8:51:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Will vodacom allow safaricom to go regional and enter Ethiopia or will it confine them to Kenya only
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#37 Posted : Friday, July 06, 2018 5:29:10 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
murchr wrote:
Wororo wrote:
murchr wrote:
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review


In Uganda MTN is the leader... As regards their license renewal, it'll be done albeit with conditions such as tower sharing etc In Rw, it's the leader... Their entry into KE and Tz hasn't been successful ... With regards to Ethiopia, I guess since they lead in Nigeria, which has a 120m plus mobile subscriber base, they have adequate experience...


It will be renewed with stipulation


MTN under siege in Uganda
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Wororo
#38 Posted : Monday, July 09, 2018 1:08:53 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
murchr wrote:
murchr wrote:
Wororo wrote:
murchr wrote:
Wororo wrote:
South Africa telecoms group MTN told Reuters that it was excited by the potential opening up of the Ethiopian market “as it would be a natural fit for MTN’s existing pan-African footprint.”

South African peer Vodacom said, “Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.”

Scramble for Ethiopia gains momentum... It'll definitely take years before proposals are implemented...


Who has better charm? Is it by coincidence that the ET Prime Minister chose Nairobi as his first state visit?

How is MTN doing in East Africa? Their license in UG is under review


In Uganda MTN is the leader... As regards their license renewal, it'll be done albeit with conditions such as tower sharing etc In Rw, it's the leader... Their entry into KE and Tz hasn't been successful ... With regards to Ethiopia, I guess since they lead in Nigeria, which has a 120m plus mobile subscriber base, they have adequate experience...


It will be renewed with stipulation


MTN under siege in Uganda


Too bad for MTN Ug...

It will all come to pass - just like in Nigeria...

The MTN Nigeria listing is part of an agreement with Nigerian authorities to settle regulatory violations last year. MTN has been engaging extensively with the Nigerian Stock Exchange on the structure and parameters of the listing, BusinessDay's sources said.

MTN Nigeria to list next month...

MTN Ug is also planning to list in the near future...

MTN Ug to list - RINK

Let's hope and pray MTN Business KE follows suit esp after the delisting of Access Kenya...

It's sad that one of the most money minting sector is poorly listed at the NSE...

murchr
#39 Posted : Friday, July 05, 2019 4:48:34 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979


"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#40 Posted : Friday, July 05, 2019 5:16:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
https://newbusinessethio...om-for-three-operators/

Ethiopia to open telecom for three operators
The Government of Ethiopia, which has been on the process of privatization of telecom and opening the sector for competition, has said there will be only three competing telecom operators in the country.

Briefing reporters this afternoon, Dr. Eyob Tekalign, State Minister of Finance, indicated that in addition to Ethio Telcom, which is set to sell 49 percent of its stake for foreign operator (s), two additional foreign telecom operators will only be granted license.

Ethio telecom will be one company with two wings – service provider and infrastructure developer. A foreign company which buys 49 percent can benefit from both wings of Ethio Telecom, as the company remains one.

Infrastructure investment on telecom infrastructures is open for foreign telecom companies, according to Dr. Eyob , who stated that the sector requires huge investment amounting $2.2 billion in order to leapfrog the country into digital economy.

“…In order to make the country a startup nation communication infrastructure plays key role…If we take for instance 4G is limited to Addis Ababa at the moment…Telecom is key to build digital economy…overall impact is enormous…that is why we prioritized telecom privatization and liberalization of the sector, ” he said.

Commenting on why only two more telecom operators are allowed to enter the market with over 100 million plus population, he stated that the global experience and recent trend shows merging and small number of operators with in a given market.

He stated that in the coming few months the Ministry of Finance will invite global companies to take part by issuing request for interest. We don’t know yet which company will be selected…World bank is the one consulting us…With market big like Ethiopia we expect 50 to 60 expression of interest, he said. Currently there are 40 million mobile subscribers in Ethiopia.

The Ethiopian government has decided to end its monopoly on several sectors about a year ago deciding to partially or full liberalize major businesses such as telecom, logistics, sugar, power, industry parks and Ethiopian Airlines.

The main reason for the decision is because government only financing model didn’t succeed in making the sectors efficient, according to Dr. Eyob. Commenting on the opportunities for the local people to invest in these sectors, he indicated that the public can invest in these companies after the companies are listed on stock market in the future.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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