Eutelsat Penetrates Ethiopia's Market

Oct 19 , 2019


[ssba-buttons]

Eutelsat, one of the longstanding market leaders in satellite television broadcasting, announced that Ethiopia will be able to receive high-quality broadband connection via its KONNECT satellite in 2020. Considering the high growth potential of the Ethiopian video broadcasting market, Eutelsat signed a multi-year contract with Ethiopian channels including TV9 Ethiopia, Nahoo TV and ETV for video capacity on its EUTELSAT 8 West B satellite, one of the most sophisticated satellites in orbit today. Ethiopia has high growth potential for video broadcasting, because currently only 21pc of homes in Ethiopia are equipped with television, which translates to approximately 5.2 million homes having television sets. Out of these, 86pc are using satellite television transmission, which means 4.4 million homes receive satellite broadcasts, according to the product of quantitative market research, a survey carried out by an independent research firm.


Radar

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional State. The 2.5 billion dollars project will see EIH hold a 40pc stake while Dangote keeps 60pc. With agriculture employing over 70pc of Ethiopians, the government hopes the factory will cut fertiliser costs, create jobs, and boost crop yields while positioning the country as a regional hub. Design...


Radar

CBE Capital Joins Nib Bank for Market Expansion

Nib International Bank has partnered with CBE Capital, the investment arm of the Commercial Bank of Ethiopia (CBE), to expand investment banking services and shore up its finances. The deal covers advisory services, seeking to strengthen Nib's balance sheet, attracting capital, and positioning the bank in a modernising financial sector. The partnership follows a difficult year for Nib, where net profit dropped 36pc to 957.9 million Br and deposits shrank, despite paid-up capital climbing to ...


Radar

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of Finance Eyob Tekalegn (PhD), follows years of complaints from businesses that borrowing limits choked large-scale projects. Eyob told a local radio station the reform reflects rising investor appetite and improved economic conditions, though he admitted "financing has been the biggest bottleneck for...