Safaricom Telecommunications Ethiopia granted operator license

ETHIOPIA – The Ethiopian Communications Authority (ECA) has announced that Safaricom Telecommunications Ethiopia PLC has been issued with a final licence even as reports surface that over half of the winning consortium’s financing could be in doubt due to US sanctions. The ECA awarded the final licence “following the incorporation of the local company and business registration by the Global Partnership for Ethiopia” (GPE Consortium). The Safaricom-led consortium received a designated licence in May 2021 after winning the bid and was given 45 days to register a local company. “The…

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Mining company Base Titanium to extend mining operations in Kenya by one year

KENYA – Australian mining company–Base Titanium will extend its operations in Kenya by one year under a new license.  Kenya’s Petroleum and Mining ministry is processing a license for the company which currently has about 15 months of mine life at its current licensed area, where operation is expected to cease in October 2022. According to Cabinet Secretary John Munyes, the firm’s application for mining has been approved. However, mining activities cannot take place without a ‘deed of variation’ to extend its Special Mining Lease boundary, which was pending. “We have looked at the application…

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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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