Eutelsat Penetrates Ethiopia's Market

Oct 19 , 2019

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.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...