State Telco Ready to Launch 5G

May 7 , 2022

The state-owned Ethio telecom is to launch a 5G network on May 9, 2022. Executives says they have completed all necessary preparations for the launch, which has been in the making for over a year in partnership with Chinese tech giant Huawei. Ethio telecom has spent at least 41 million dollars on Huawei-powered core systems that would allow for the accommodation of 5G. The launch, which comes as the telecom monopoly prepares for its first taste of competition in the form of Safaricom Ethiopia Plc, would make Ethiopia one of only a handful of African countries to avail a 5G network. Others include South Africa and neighbouring Kenya. The state-owned operator has been expanding its 4G LTE network to urban areas outside of Addis Abeba for the past year, introducing it to 70 urban centres such as Bahir Dar, Adama, Dire Dawa, and Hawassa.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...