ICT investment opportunities in ethiopia - news release
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The Ethiopian telecommunications liberalization agenda sets framework for growth and investment
(Oakville, Ontario – March 12, 2010) — The telecommunications market in Ethiopia is on the verge of massive growth, leading to a wide range of investment opportunities in telecommunications and downstream information and communications technology (ICT) segments, according to a new study published by Technology Strategies International in partnership with BroadGroup TMT Ventures. The report, titled “Investment Opportunities in the ICT Sector in Ethiopia: 2010”, predicts that by 2011 the state-owned incumbent, the Ethiopian Telecommunications Corporation (ETC) will have a privatisation timetable in place, and that liberalisation of the mobile market will take place shortly after that.
“The Ethiopian Government recognizes that the country is being left behind in terms of digital inclusion, and urgently needs to address this if it wants to reap the benefits that other African countries have demonstrated from embracing ICTs,” notes Christie Christelis, President of Technology Strategies International. “It may also become an important political issue in the next elections.”
While the Ethiopian Government is on record saying that it will not hasten the liberalization process, and will not succumb to pressure from the international community to liberalize its banking and telecommunications sectors in order to accede to the WTO, Christelis believes that there is neither any reason for, nor any benefit from delaying the process further.
“Liberalization of the telecommunications environment will create a raft of ICT investment opportunities in Ethiopia,” Christelis says. “The Chinese have already recognized the potential of Ethiopia and are building an electronics manufacturing facility to address the high growth expected in demand for handsets and accessories. They are also providing supplier financing in certain telecommunications investments in order to address the shortage of domestic capital.”
The report predicts that over the next five years the number of mobile subscribers in Ethiopia will grow at an annual rate of 43% (CAGR), to reach almost 20 million subscribers by 2014.
Christelis says that Ethiopia will provide a range of excellent investment opportunities for foreign investors interested in the ICT sector, but warns that the window will not be open indefinitely. He predicts that the next four years will be critical in shaping the Ethiopian ICT sector’s future and will provide high return opportunities for foreign investors that have the risk tolerance, and ability, to capitalize on the coming surge in ICT-related markets.
The 37 page report provides a comprehensive review, analysis and forecast of investment opportunities in the ICT sector in Ethiopia. It analyses the investment environment in Ethiopia and in identifies key providers of capital. It highlights growth segments in the Ethiopian telecommunications market in the context of important developments in the economy and in the political environment. Detailed forecasts are presented for fixed line communications, mobile communications and internet usage. Specific investment opportunities are identified and categorized in terms of scale of investment.
About Technology Strategies International
Technology Strategies International is a leading Canadian technology market analysis and strategy firm based in Oakville, Ontario. Established in 1995, the company has been analysing emerging market investment opportunities for the past decade. For more information please see www.tsiglobalnet.com/reports.html.
About BroadGroup TMT Ventures
BroadGroup TMT Ventures is an international consulting firm specializing in providing professional advice, creating knowledge platforms through publishing and events and connecting information communities. It has practices in data centres, cloud computing, dark fibre, and TMT finance and investment, with offices in London, Singapore and Buenos Aires. For more information please see www.tmtfinance.com.
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ICT Investment Opportunities in Ethiopia
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ICT Investment Opportunities in Ethiopia