State-owned Telecom Partners with Samsung

Mar 18 , 2023


Ethio telecom, the state-owned telecommunications provider, has teamed up with Samsung Electronics Company to launch an initiative aimed at boosting smartphone usage among its customers. This comes amid widespread internet restrictions that have left millions of Ethiopians without access to popular social media platforms such as Telegram, YouTube, Facebook, and TikTok. Ethiopia trails Ghana in providing the cheapest internet packages in Africa and has 15.3 Mbps download speed which is 61pc higher than the 9.5 Mbps sub-Saharan Africa average. Seid Aragaw, chief marketing officer at the telecom, expressed his hope during a recent ceremony held at the Ethiotelecom Premium Center on Churchill Street, that the initiative would help to increase the number of smartphone users, which currently stands at 46pc. The company offers its customers three new models from Samsung's flagship S series - the S23, S23+, and S23 Ultra, priced at 95,000 Br, 105,000 Br, and 140,000 Br, respectively. Charles Kimari, the Internet & Mobile Experience Director for Samsung Electronics East Africa, noted that smartphones are intended to cater to customers with varying budgets and lifestyles. According to him, the S23 series is designed to provide better features and functionality to customers who are increasingly reliant on smartphones.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email