Residents in Adama Get 5G Network

Nov 5 , 2022


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

Regional Development Banks Tie-up for Private Sector Growth

Arab Bank for Economic Development in Africa (BADEA) and Trade Development Bank Group (TDB) signed a 100-million-dollar disbursement for a hybrid capital instrument last week on the sidelines of the African Union summit. Admassu Tadesse, president and managing director of TDB Group, and Sidi Ould Tah (PhD), president of BADEA were the signatories at the event attended by Central Bank Governor Mamo Mihretu, CEO of the Ethiopian Securities Exchange Tilahun Kassahun (PhD), and Deputy Chairperson of...


Radar

National Bank Reports Five-Year Low Inflation, Record-High Exports

The National Bank of Ethiopia (NBE), in its six-month snapshot on monetary and external sector developments, reports that inflation has dropped to 15.5pc, the lowest in five years and a 13.9pc decline from last year's 29.4pc rate. Headline inflation stood at 34.5pc during the same period in 2022. The report also shows a sharp decline in food inflation, which fell by 16.6pc, from 32.3pc in January 2024 to 15.7pc in January 2025. Non-food inflation dropped by 10.2pc, from 25.3pc last year to 1...


Radar

Horn Initiative Boosts Regional Development Agenda

A total of 20 projects worth three billion dollars are currently being implemented in Ethiopia under the Horn of Africa Initiative, which held a performance review platform last week. This initiative, established in 2019, seeks to economically integrate Horn of Africa countries through development projects. Finance Minister Ahmed Shide accentuated the initiative's goals of enhancing infrastructure connectivity, strengthening trade and economic integration, building resilience to natural and man...