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Ethio Telecom discloses that 3.6 million people have received loans through its digital financial services. The telecommunications firm announced that it has provided credit services to more than 3.6 million customers through its digital financial services platform it has in tandem with Dashen Bank and Commercial Bank of Ethiopia.
The institution has recently launched a “Digital Finance Market” Solution where banks, microfinance, insurance and other institutions in the sector can use their technological capabilities to make their services accessible.
With this built platform, financial services have now been made available to more than 40 million Tele Birr customers.
Telecoms sector once seen as key prize in liberalisation drive
Regulatory environment and competition seen as concerns
Ethiopia suspended process for third telecoms licence last month
Safaricom expects to break even in Ethiopia in 2026
ADDIS ABABA, Dec 19 (Reuters) - Foreign investor interest in Ethiopia's telecoms sector is cooling, sector experts and those with knowledge of the licencing process say, pointing to a bumpy first two years operating in the country for Safaricom, the only company so far granted a licence to compete with state-owned Ethio Telecom.
Telecoms were once seen as the big prize of a drive to liberalise the economy of Ethiopia, Africa's second most populous country with around 120 million people, launched after Prime Minister Abiy Ahmed took power in 2018.
