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The Billion-Dollar Unicorn

Updated: Dec 12, 2022

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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