Ethio Telecom Pours 100m Br into Emergency Fund

Ethio telecom, the state telecom monopoly, has donated 100 million Br to support the fight to contain the potential spread of Novel Coronavirus (COVID-19).


Ethio Telecom Pours 100m Br into Emergency Fund

Ethio telecom, the state telecom monopoly, has donated 100 million Br to support the fight to contain the potential spread of Novel Coronavirus (COVID-19). Since March 25, 2020, the company has collected 4.4 million Br donated via short message system locally and abroad. Ethio telecom, which provides more than 20 different services under the stewardship of CEO Frehiwot Tamiru, has also temporarily cut service fees as of last week. By taking into account the increased demand for the internet at the national level following the pandemic, the company launched a two-month stay-at-home mobile service, according to a statement from the company. It made a 53pc, 56pc and 45pc tariff reduction on voice, internet and voice/internet combined packages, respectively. The discount became effective as of April 16, 2020. The company, which has launched an LTE Advanced Fourth-Generation (4G) network upgrade that delivers higher internet speeds, has also allowed users to visit the websites of the Ethiopian Public Health Institute and the Ministry of Health free of charge.

[ssba-buttons]

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...