by Engidu Woldie ESAT News (August 22, 2018) Ethio telecom has slashed rates in mobile data, local calls and SMS in an unprecedented move by a sector that is still monopolized by the government. The significant reduction of fees, as much as 54% in broadband and 43% in mobile data and SMS, came after the government in June announced it ...

by Engidu Woldie ESAT News (June 6, 2018) The meeting of the ruling EPRDF that decided to “fully accept” the ruling of the Ethiopian Eritrean Boundary Commission and the Algiers agreement yesterday, has also made a decision to open up key sectors of the economy that has so far been closed for private investors. The statement issued by the EPRDF ...

ESAT News (November 8, 2017) The serious shortage in foreign currency has stagnated the economy, the Governor of the Ethiopian National Bank says, as the country’s telecom fails to pay loans and carry out its routine operation. The Governor told the Ethiopian Parliament that the low turnover in foreign currency that the country derives from export trade has dwindled, which ...

ESAT News (September 26, 2017) Ethiopia is to devalue its currency in a bid to cope with the serious foreign currency crunch it has faced and in attempt to cover a billion dollar loan payment due this years, according to information obtained by ESAT. There is also talk of selling the government owned Hilton Hotel and 50 per cent shares ...