Ethio telecom Inks Broadband, Data Centre Deals

Apr 16 , 2022


[ssba-buttons]

  Last week, Ethio telecom signed three-year contractual agreements with four virtual internet service providers to sell fixed broadband internet service. Websprix IT Solutions, Vivatech Trading, Zergaw ISP, Skynet IT Soultion, and Dulle Business Group will buy fixed bandwidth internet service from Ethio telecom and provide it to their clients. The state-owned telecom operator also inked a deal with Amhara Bank for the rental of a data centre. The Bank is one of a handful, including Tsehay and Ahadu banks, readying to enter the industry with nearly six billion Birr in equity raised from the public. Led by Henok Kebede, its founding president and former vice president at Dashen Bank, Amhara Bank has already deployed a core banking system. The Bank is leasing a modular data centre from Ethio telecom, which has two of the structures at its disposal. A further three are under construction in the outskirts of Addis Abeba. This includes the "Big Green" data centre, which can host up to 1,000 racks. Over 80 clients deploy their data on the telecom operator's data centres.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...