Ethio Telecom Launches Contract Plan Scheme

Frehiwot Tamiru


Ethio Telecom Launches Contract Plan Scheme

Ethio Telecom has set its postpaid mobile broadband contract plan service in motion. The plan entails an initial downpayment wherein customers are able to take home a smartphone, Wi-Fi modem or dongle and complete their purchase through monthly payments. Customers are required to produce legal documents such as a guarantee letter from a government office, a microfinance institution, or a private company to be eligible for the contract. They can then choose their preferred device and select a plan from the range of data, call-time, and SMS package options available. The products offered are primarily manufactured by Huawei, the Chinese telecom provider, which also executed Ethio telecom's upgrade to the 4G LTE network, though models from Samsung and Lenovo are available as well. The most expensive option entails a 1,200 Br downpayment along with 24 monthly payments of 3,090 Br for a Samsung Galaxy A30 smartphone with a full range of unlimited services. The device financing model was initiated with the aim of boosting telecom penetration in the country and smart phone usage. Ethio telecom expects to grow the number of smartphone users from 33pc to 60pc with this scheme.


Radar

ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


Radar

AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Radar

Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...


Back
WhatsApp
Telegram
Email