Ethio Telecom Inaugurates Digital Centres

Jun 4 , 2022


[ssba-buttons]

Ethio telecom opened centres for the teaching of digital literacy across 66 high schools across the country. The Digital Learning Centres, collectively, host over a thousand desktop computers and equipment as well as broadband internet access for the schools where they have been set up. The Centres have cost the telecom operator over 45 million Br. Close to 150,000 students are expected to benefit from the centres. The investment is part of Ethio telecom’s corporate social responsibility outreach. The company has been on move lately, anticipating strong competition from Safaricom Ethiopia, the only competition it would have in over a century of existence. Last month, it launched 5G network, currently available in Addis Abeba.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...