Good morning ☀️ ️ For the first quarter of 2021, Amazon posted revenues of $108.5 billion. That s a revenue increase of 44% from the same period last year. In today s edition:
Nigeria s selling its power generating plants
BitPesa’s parent firm raises $50m
TC Insights
Africa’s last untapped telecoms market
In November 2020, the Ethiopian Communications Authority (ECA) officially opened the gates to bids from telecoms companies looking to snag two licences Ethiopia is offering. Ethiopia’s telecoms sector is a monopoly with the state-run Ethiotel facing no competition.
But last year, it made the first step to change that with plans to sell two telecoms licences. There’s clearly a big opportunity in Ethiopia as it is largely regarded as one of the largest untapped telecom markets on the continent.