MTN Group Ltd. and a consortium led by Vodafone Group Plc have bid for telecommunications licenses in Ethiopia, as wireless service providers look to tap the last remaining large market in the world.
Ethiopia will take a few days to review the technical offer and then open the financial bids, said Brook Taye, an adviser in the Finance Ministry.
Earlier on Monday, Kenya’s largest telecommunications provider Safaricom Plc said it was bidding for one license jointly with Vodafone and the U.K. carrier’s South African unit Vodacom Group Ltd. Others in the consortium include CDC Group Plc and Sumitomo Corp., it said in a notice.
Ethiopia, Africa’s most populated nation after Nigeria, is poised to expand 8.7% next year, according to the International Monetary Fund, making it the fastest growing economy on the continent. That’s even as the nation battles multiple crises, including a civil conflict in the northern Tigray region,
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