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Institutes Call for Broadband Development

Jan 16 , 2024


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A spotlight was put on expanding broadband infrastructure and optical fibre that connects directly to residences during a discussion between executives from Ethio telecom, the Ministry of Urban & Infrastructure and Huawei Ethiopia last week. State Minister Fenta Dejen said the initiative is positioned as a key strategy for advancing urban areas in line with ongoing efforts to digitise services. Ethiopia's internet penetration rate stood at 16.7pc at the start of 2023, indicating that internet users have shown a 2.6pc increase from the previous year. Tewodros Hailemeskel, chief technology officer at Ethio telecom, underscored the intensive need to improve broadband infrastructure and meet the growing demand for fast and reliable connectivity.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...