Ethio Telecom Takes 4G LTE to Jimma

Jun 19 , 2021


[ssba-buttons]

Ethio telecom has taken its 4G LTE Advanced service to the country's Southwestern Region. The company continued its expansion campaign by launching the service in nine towns last week, namely Jimma, Agaro, Bedele, Bonga, Koisha, Metu, Mizan, Masha, and Tepi. It has so far availed the network in over 50 towns and cities outside of the capital. The company has over 146,000 internet users in these areas, of which almost half of whom own 4G LTE-enabled smartphones. The partial privatisation of Ethio telecom is also progressing, with the Ministry of Finance announcing the call for an expression of interest (EOI) last week to sell 40pc of the company's shares to foreign investors and five percent to the public. The EOI deadline is July 14, 2021.


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...