Ethio telecom Continues 4G Expansion, to the East

Apr 10 , 2021

For the third time since the beginning of this year, Ethio telecom held an inauguration ceremony to kick off its 4G LTE Advanced network. This time, to the east of the country. The latest is the launching of the service in seven towns in Somali Regional State last week, including Jigjiga, the Somali Regional State seat. The project involved installing and commissioning 56 LTE sites, carried out in collaboration with Huawei Technologies. Earlier, the state telecom monopoly with 49 million subscribers inaugurated network expansion projects in the Oromia and Amhara regional states. Over the first half of the current fiscal year, Ethio telecom's revenues rose by 12.3pc to 25.6 billion Br, and the company generated 80.2 million dollars in foreign currency.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AFDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...