Former Ethio telecom CEO Joins Safaricom


Former Ethio telecom CEO Joins Safaricom

Safaricom Ethiopia has announced the appointment of Andualem Admassie (PhD) as its new Chief External Affairs Officer. Having previously served as the CEO of Ethio Telecom, Andualem would bring a wealth of experience in telecommunications and technology, where he played a key role in transforming the organization and expanding its services. Prior to joining Safaricom, Andualem co-founded and led a telecom company in South Sudan and has also held significant positions such as Director General of the Education and Training Authority. He has also been active in academia, serving as a university lecturer both locally and internationally. His involvement extends to various boards, including ICT Park Corporation, Addis Ababa Science and Technology University (AASTU), Wollo University, Ethiopian Toll Roads Enterprise, and the Ethiopian Agricultural Commodities Warehousing Service Enterprise. Wim Vanhelleputte, CEO of Safaricom Ethiopia, expressed confidence in Andualem’s ability to advance the company’s operations and provide valuable local insights. This appointment is seen as a strategic move to enhance Safaricom Ethiopia’s leadership and support its growth in the Ethiopian market.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...