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CANAL+ Continues Expanding in Ethiopia

May 2 , 2020

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CANAL+ Group, a French audiovisual media company and pay-TV operator, has expanded its services in Ethiopia by signing three more agreements with local media companies. The company has signed new agreements with Addis Media Network, a news channel broadcaster, Bisrat Radio, a sports and entertainment radio station and Ethio FM 107.8, a generalist radio station. The company, with more than 20 million subscribers worldwide, will be able to bring its content to future subscribers in Ethiopia. CANAL+ had previously signed agreements with EBC, FANA channels and Nolawi Film Production and the Ethiopian Film Producers Association. The company has a strong presence in regions with high growth potential in Asia and particularly in Africa, where it has 4.9 million subscribers. The company is owned by Vivendi, a global content and media group.

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Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

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Railway Network Upgrade Positioned as Engine of Economic Transformation

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Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...

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