FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Residents in Adama Get 5G Network

Nov 5 , 2022


[ssba-buttons]

Adama (Nazareth) town residents, 99km east of the capital, will receive faster Internet connection. Ethio telecom, the state-owned enterprise, launched a 5G networking service last week. Executives say they have achieved close to 97pc of coverage across the country, expanding earlier generation networks (3G and 4G), improving the network and upgrading earlier technologies. Adama is growing to be one of the industrial hubs primarily for textile and leather manufacturing. Over 80pc of digitizing the town will be accomplished by the end of the year. Making Adama a smart city is one of the projects incepted by the town's administration. The Engineering Corporation of Oromia has developed the design, which will be erected on 175hct of land, and incorporates healthcare facilities, smart mobility, and e-service providing government offices. The government is committed to developing 47pc of the plot, with private investors taking the rest. The 5G launch is part of the strategy toward making Adama a smart city. It will also facilitate e-government services provided by the town's administration. Ethio telecom has been testing the system after launching the 5G service in Addis Abeba over the past months. The network in Adama was launched in selected areas, such as the Adama Science & Technology University and hotels. Frehiwot Tameru, CEO of Ethio telecom, accompanied the town's Mayor, Hailu Jelil, and the University's President, Lemi Guta. The network reached up to 10Gb, enabling up to one million connections within one square kilometre. It is also hoped to help industries, facilitating real-time access to manufacturing plants, remote healthcare services and agriculture. Ethio telecom is working on expanding the services to 150 regional towns over the coming months.


Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...