Ethio telecom Inks Broadband, Data Centre Deals

Apr 16 , 2022


[ssba-buttons]

  Last week, Ethio telecom signed three-year contractual agreements with four virtual internet service providers to sell fixed broadband internet service. Websprix IT Solutions, Vivatech Trading, Zergaw ISP, Skynet IT Soultion, and Dulle Business Group will buy fixed bandwidth internet service from Ethio telecom and provide it to their clients. The state-owned telecom operator also inked a deal with Amhara Bank for the rental of a data centre. The Bank is one of a handful, including Tsehay and Ahadu banks, readying to enter the industry with nearly six billion Birr in equity raised from the public. Led by Henok Kebede, its founding president and former vice president at Dashen Bank, Amhara Bank has already deployed a core banking system. The Bank is leasing a modular data centre from Ethio telecom, which has two of the structures at its disposal. A further three are under construction in the outskirts of Addis Abeba. This includes the "Big Green" data centre, which can host up to 1,000 racks. Over 80 clients deploy their data on the telecom operator's data centres.


Radar

City Unveils Major School Expansion Across 11 Districts

Addis Abeba City Administration has launched 150 education projects valued at over 5.2 billion Br ahead of the 2026 academic year. Spread across the capital's 11 districts, the rollout includes 14 newly built schools and upgrades to 64 existing facilities, adding 1,655 classrooms alongside ICT labs, libraries, and sports fields. City officials say the investment is part of efforts to improve access and quality of education, with infrastructure designed to accommodate students with disabilitie...


Radar

Santim Pay Launches Locally Assembled POS Machines

Santim Pay Financial Solution S.C. has begun assembling Point of Sale (POS) machines in Ethiopia, with its new facility assembling up to 300 units daily. The devices run on locally developed software and are priced below imported alternatives. Directed towards domestic commercial institutions, the move supports digital payment growth while reducing dependency on foreign suppliers. The company has also launched repair services to boost device durability and service availability. The fintech compa...


Radar

KEFI Confirms Key Milestones, Kickstarts Tulu Kapi Resettlement

The London-listed KEFI Gold & Copper has initiated the community resettlement process for their Tulu Kapi gold project found in the West Welega Zone. Funded from KEFI's own reserves ahead of broader project financing, underscoring the urgency to commence full development. Resettlement is being implemented by the Ethiopian government under World Bank standards. The announcement was made during a mining forum held at the Ethiopian Embassy in London, which was co-hosted by the British Embass...