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Institutes Call for Broadband Development

Jan 16 , 2024


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A spotlight was put on expanding broadband infrastructure and optical fibre that connects directly to residences during a discussion between executives from Ethio telecom, the Ministry of Urban & Infrastructure and Huawei Ethiopia last week. State Minister Fenta Dejen said the initiative is positioned as a key strategy for advancing urban areas in line with ongoing efforts to digitise services. Ethiopia's internet penetration rate stood at 16.7pc at the start of 2023, indicating that internet users have shown a 2.6pc increase from the previous year. Tewodros Hailemeskel, chief technology officer at Ethio telecom, underscored the intensive need to improve broadband infrastructure and meet the growing demand for fast and reliable connectivity.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...