It’s all systems go as Ethiopia opens telecoms licence bid

ETHIOPIA – The bid for the long-awaited Ethiopian telecoms operator licence opens today and interested mobile operators have a month to submit their proposals. The publication of the bid documents paves the way for the issuance of two licences as Ethiopia, for the first time, opens its telecoms sector to the private sector. The Ethiopian Communications Authority last week held a conference with the bidders before floating the final bid and bidders were briefed on the ICT policy and the digital economy of the country, mobile and financial services, and investment laws.…

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Tony Elumelu’s insurance companies receive operational licenses along five others

NIGERIA – Heirs Insurance Limited (General) and Heirs Life Assurance Limited, insurance companies chaired by Nigerian business mogul Tony Elumelu, are among to six new insurance firms and one reinsurer that were issued operational licenses by the National Insurance Commission (NAICOM). This was disclosed by the NAICOM boss, Mr. Sunday Thomas, while handing over operational licenses to the five firms at the NAICOM Head Office in Abuja. The other firms include Stanbic IBTC Insurance Limited, Enterprise Life Assurance Company Nigeria Limited, and FBS Reinsurance Limited, Salam Takaful, and Cornerstone Insurance…

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