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Safaricom Ethiopia PLC partners with Ethiopian Electric Utility for aerial fibre cabling
Spread the NewsSafaricom Telecommunications Ethiopia PLC and Ethiopian Electric Utility (EEU) have signed a three-year lease agreement to enable aerial fibre installation through the existing poles infrastructure in Addis Abeba and across the country. As Safaricom continues to build a new network in Ethiopia, investments in infrastructure and strategic partnerships are being prioritized to ensure…

Ethiopia plans to garner $5.25 bln export income
Spread the NewsPresident Sahlewerq Zewdie said Monday that the government has planned to collect $5.25 billion export income in 2021/2022 budget year. “Reforming the trade system is among the priorities of the government,” Sahlewerq said. Ethiopia earned $3.6 billion from the export of commodities in 2020/2021 fiscal year, according to Ministry of Trade and Industry….

Bureau reveals new fare rate for minibus taxis
Spread the NewsAddis Abeba City Transport Bureau announced Friday the new taxi tariffs that is to be implemented starting from today, December 17, 2021. The transport price adjustment has been made following seven Birr increment of oil price. Accordingly, the tariff increase on the minibus and Higer Bus fares ranges from 40 cents in a…

Local investors visit Bole Lemi, Kilinto industrial parks
Spread the NewsLocal investors and representatives of businesses have paid a visit to Bole Lemi and Kilinto industrial parks in Addis Abeba. Officials at the Industrial Parks Development Cooperation (IPDC) briefed the incentives and opportunities provided to local investors. IPDC officials further explained the performances of the industries during the visit. Supporting schemes to the…

Africa discusses financing post-Covid-19 dev’t
Spread the NewsAfrican Heads of State, ministers, leaders of the private sector, development actors and academics will be gathering in Cabo Verde from 2 to 4 December for the African Economic Conference. This year edition of the conference is focused on “Financing Africa’s post-Covid-19 development.” Developing new ways of financing the post-Covid-19 recovery and accelerating…

Ethio telecom sign agreement with five virtual internet service providers
Spread the NewsEthio Telecom signed a three-year contractual agreement with five Virtual Internet Service Provider (VISP) partners on Monday. The five partners are WebSprix IT Solutions PLC, Vivatech Trading PLC, Zergaw Internet Service Provider, Skynet IT Solution PLC and Dulle Business Group. Based on the contractual agreement, Ethio Telecom new partners will exclusively provide fixed…