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



Safaricom Ethiopia Pushes Network Pilot Forward


Safaricom Ethiopia Pushes Network Pilot Forward

The executives of Safaricom Ethiopia Plc have expanded their large-scale network pilot to Awoday and Gonder towns in the Oromia and Amhara regional states, respectively. The expansion brings the number of towns testing the operator's network services to 10 since it first launched in Dire Dawa in late August. Harar, Bahir Dar, Adama, Bishoftu, and Debre Birhan are among the towns hosting the network. Chief Executive Officer (CEO) Anwar Soussa and his team want to see the pilot reach 25 urban areas by next April. Last week, Safaricom Ethiopia inked a sub-lease agreement with the Industrial Parks Development Corporation (IPDC) for the construction of a new data centre in Addis Abeba's ICT Park. Projected to cost 60 million dollars, the data centre will be the telecom operator's second in the country. Safaricom set up a data centre in the capital's Akaki-Qality District at a cost of 100 million dollars earlier this year.

[ssba-buttons]

Radar

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...