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Ethio Telecom Launches New Huawei-Powered Mobile Money Service

by Eric Olander

Ethiopian Prime Minister Abiy Ahmed oversaw the launch this week of Ethio Telecom’s new mobile money service “Tele- Birr” which will be powered by technology from Chinese telecom equipment giant Huawei.

Ethiopian officials have high expectations for Tele-Birr’s future economic role.  Frehiwot Tamiru, CEO of Ethio Telecom, said she expects to register 21 million users in the first year of service and 33 million before 2026. “I expect about 40-50% of Ethiopia’s economic activity to be transacted on the Tele-Birr platform within a five years period,” she said.

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