Ethio telecom, Huawei Launch Data Centre

May 23 , 2021


[ssba-buttons]

Huawei, the Chinese ICT giant, and Ethio telecom launched a Tier III Data Centre in the capital's Gola neighbourhood last week. The facility has the capacity to reach over 800 servers, and the state-owned telecom operator plans to use it to accommodate mobile money and business support systems initially and then expand to include cloud services in the future. The centre, which was deployed in two and a half months, will soon be joined by four other Tier III data centres currently under development at the Addis Abeba ICT Park. Wingu.africa, the Raxio Group, and RedFox Solutions have already broken ground on the construction of their facilities at the Park, with the latter two expected to go online by the end of this year.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...