Mobile Money (Telebirr) subscriber number reached 4 million in just one month after launching in May 2021.
Given the vast unbanked population (75%), mobile money can become a key enabler to enhance financial inclusion.
There's a huge untapped potential for telecom investors due to low tele-density and internet penetration. The plan to partially liberalize the telecom sector to spur private sector investment will further accelerate growth in this sector.
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