Tele, Employees Commit 180m Br for Sheger

May 4 , 2019

Ethio telecom and its employees have pledged 180 million Br for a project to beautify Addis Abeba. Out of the total value, 80 million Br will be contributed by the employees, who will be working for four Saturdays without overtime pay. The remaining will be covered by the company. Kicked off by Prime Minister Abiy Ahmed (PhD), the project is expected to cost 29 billion Br and is aimed at revitalising the rivers and developing riverbeds and riverbanks across Addis Abeba. A pilot project was launched at a cost of 2.5 billion Br. The premier will also host a fundraising gala dinner, dubbed “Dine for Sheger,” where close to 1,000 people are expected to attend in mid-May. They will have to pay five million Birr a plate.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...