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.


E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Environment & Investment Climate (BEIC) project team, the platform operates under the oversight of the Justice and Technology ministries. It aims to improve transparency, efficiency, awareness, and effectiveness throughout the law formulation and enactment process. According to Belayhun Yirga, stat...


Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the State Minister, succeeds Gebremeskel Chala, who navigated the country through various trade reforms. The appointment comes amidst an export slump, as Ethiopia has faced major economic and political headwinds over the past few years. The Ministry reported a shortfall of 863 million dollars from it...


Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised from 9,600 shareholders has also managed to double the figure to 1.03 billion Br. Ahadu's total assets have also nearly doubled to 6.3 billion Br, while its operating income soared to 1.15 billion Br from financial services for nearly 700,000 customers. It also expanded its branch reach across the c...