Ethio telecom Inks Broadband, Data Centre Deals

Apr 16 , 2022

  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.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...