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Ethio telecom, Ericsson Ink Landmark Deal to Modernise Mobile Network


Ethio telecom, Ericsson Ink Landmark Deal to Modernise Mobile Network

Ethio telecom has signed a landmark agreement with Ericsson at the Mobile World Congress in Barcelona, advancing the country’s digital transformation. Under the three-year Next Horizon Strategy, 1,500 mobile sites will be upgraded with advanced 4G and 5G technology. The modernisation will replace legacy infrastructure, boosting coverage, quality, and capacity. Ethio telecom will add 2.8 million 4G connections, raising the total to 4.1 million, and expand LTE services to 157 new towns, bringing the total to 276, while population coverage rises 45pc to 85pc. The initiative prioritises digital inclusion, with 75 rural areas receiving tailored mobile solutions and 502 3G sites upgraded to 4G. The expanded 5G network will support national digital platforms, including telebirr, Zemen GEBEYA, and Znexus, underpinning a modern digital economy.

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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...