Ethiopia is the 5th fastest growing economy worldwide according to the Economist, and the fastest in Africa. There has been more than $1.5 Billion invested in the mobile network and tens of billions are being invested in the national infrastructure. A national fibre loop has recently been completed across the country and SEACOM cables are connecting Ethiopia to the rest of the world.
When M-BIRR's nordic institutional investors came to Ethiopia in 2010 to meet our clients and the mobile network operator during their due-diligence visit, they were impressed by the country's development.
In particular the mobile subscriber base is rapidly increasing. And the mobile network is the only infrastructure that is available to many people. This is why mobile money is ranked as the fastest growing application of mobile technology across Africa by Gartner.
M-BIRR together with our investors and our partners brings this mobile money to the banked and unbanked people of Ethiopia.
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