Telecom To Resumes Short-code SMS Numbers


Telecom To Resumes Short-code SMS Numbers

Ethio Telecom has resumed issuing new short code-SMS service numbers. The service was terminated last August. The company reinstated the service with a new control system that requires companies to send messages to customers who agree to receive the texts. Ethio Telecom, the nation’s telecom monopoly, also had terminated the shortcode numbers it issued to 47 companies, stating that they broke the contractual agreements. The companies were sending repetitive text messages without customers’ consent, according to the state telecom giant. The new system will enable Ethio Telecom to quickly take actions on partners that do not comply with this arrangement. Companies whose licenses have been revoked can renew their agreements after meeting the requirements.


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Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


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World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


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DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...