Business

Smart Data Centre Technology Forum Kicks off in Addis Ababa

Smart Data Centre Technology Forum Kicks off in Addis Ababa

With a focus on smart and low-carbon data centers, the Smart Data Centre Technology Forum has been held in Addis Ababa in collaboration with Huawei Ethiopia and IE Network Solutions. The event discussed the latest trends, new opportunities, demands, and challenges for the data center industry in the AI computing era and shared cutting-edge technologies and innovative practices for green data centers. It brought together leaders and experts from government agencies, the BFSI industry, as well as international institutions and stakeholders. Mr. Dylan Chen, Executive Director, Huawei Congo Digital Power Business, remarked in his opening speech that "as the core…
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French Company withdrew from buying Ethio Telecom Shares

French Company withdrew from buying Ethio Telecom Shares

Orange, a prominent French telecom company, initially had aspirations to acquire approximately 45 percent of Ethio telecom's shares. However, the company ultimately withdrew from the deal, citing challenges in swiftly implementing their strategic ideas and achieving desired results. The backdrop of this decision is Ethiopia's ongoing evaluation of its telecommunications market, with the intention of introducing a third telecom service provider alongside the existing state-owned Ethiotelecom and Safaricom, which recently entered the market. In addition to exploring new market dynamics, Ethiopia is also in the process of divesting less than half of Ethiotelecom, attracting interest from international giants such as…
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A Six Billion Birr Steel Manufacturing Industry Commences in Mekelle, Tigray

A Six Billion Birr Steel Manufacturing Industry Commences in Mekelle, Tigray

A collaboration between Ethiopian and Chinese investors, a groundbreaking steel production industry, valued at 6 billion birr, is set to be established in Mekelle city. The project, slated for completion within ten months, marks a pivotal moment in the efforts to revitalize the region's and country’s economy. The interim administration head of the Tigray Region, Mr. Getachew Reda, emphasized the positive impact of the Legend Steel Industry on job creation for the local youth. This private association is spearheading the development, and its commitment to generating employment opportunities has garnered support from both private and associational investors. Engineer Yared Tesfaye,…
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Ethiopia Initiates Construction of 28 Irrigation Dams

Ethiopia Initiates Construction of 28 Irrigation Dams

The Ministry of Irrigation and Lowland Environment has announced that Ethiopia is currently in the process of constructing 28 irrigation dams. Efforts are underway to partially complete 13 of these dams within the current fiscal year. The ministry has allocated over 8 billion birr for the completion of these projects by the end of the year. According to Mr. Bizuneh Tolcha, the Public Relations and Communication Executive of the Ministry of Irrigation and Lowland Environment, a total of 28 irrigation development projects are currently underway across the country. Upon the partial completion of 13 projects, an impressive 2,450 hectares of…
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Somalia Joins East African Community

Somalia Joins East African Community

The East African Community Block annual meeting kicked off in Arusha, Tanzania. For 24 years, the East African Community Alliance, which was established to facilitate the economic ties of East African countries, has been constantly attracting new members. One of Ethiopia’s neighboring countries, Somalia officially requested to join this alliance a year ago. The coalition deployed its experts to answer the question of the organization, made various evaluations, and announced that it accepted Somalia as the eighth-member country. Headquartered in Arusha, Tanzania, the economic alliance has announced that it officially welcomed Somalia as a member at its annual meeting in…
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Ethiopian authorities cautioned about Red Sea comment

Ethiopian authorities cautioned about Red Sea comment

Ethiopian Scholars have stressed that the statements given by the authorities about the Red Sea case should be cautious. Addis Ababa University organized a discussion forum for scholars on the Ethiopian sea gate matter. Scholars who presented research and held discussions on this scholarly forum cautioned the authorities to be careful with their statements, emphasizing the need for a cautious and diplomatic approach. In this workshop titled "Equitable Port Use for Sustainable Peace and Development in the Horn of Africa", a wide intellectual discussion was held about the options by which Ethiopia can peacefully own the sea gate. The historical…
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Ethiopian Airlines resumes flights to Israel

Ethiopian Airlines resumes flights to Israel

Since the outbreak of the war, which was triggered by Hamas’s sudden and unexpected attack on Israel, many international airlines suspended their flights to or from Israel. Although many have been calling for an end to this war, in which about 15 thousand people have been killed on both sides, they have reached an agreement for a temporary ceasefire. Due to the war, many international airlines, including Ethiopian Airlines, have canceled their flights to/from Israel. Ethiopian Airlines has announced that it will resume the flight that was suspended due to war on October 7, 2023. The airline added that it…
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Raxio Technology company unveils data center in Ethiopia

Raxio Technology company unveils data center in Ethiopia

The US-based Roxio data center opened the second data center in Addis Ababa, Ethiopia and it's in Africa next to Uganda. Raxio Group, an independent data center in Africa, has launched its second data center in Ethiopia with an investment of $30 million. The company has opened its data center in ICT Park in Addis Ababa and making the data flow completely domestic, will help to reduce the expenses of the users of the service for the Internet. The new level III data center opened in Ethiopia has 800 racks and up to 3MW of IT power. Founded in 2018,…
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Ethiopia draws more than $1 billion from industrial parks

Ethiopia draws more than $1 billion from industrial parks

The country earned $one billion from the products that were exported from the industrial parks. The Industrial Parks Development Corporation has announced that $1.1 billion has been obtained from the products sent to foreign countries from the industrial parks in Ethiopia in the last four years. In Adama Industrial Park, a factory that produces various plastic pipes with an annual income of $17 million has been completed and started working. Mr. Aklilu Tadesse, CEO of Industrial Parks Development Corporation said that various products from 13 industrial parks managed by the corporation are being offered to the foreign market. The CEO…
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Ethiopia to ban old vehicles to protect pollution

Ethiopia to ban old vehicles to protect pollution

Addis Ababa Environment Protection Authority has announced that drivers with cars that emit high levels of smoke should prepare solutions in advance. Devices for measuring the smoke emitted by vehicles and quality assurance or standards are being prepared. According to Addis Ababa Environmental Protection Authority General Manager, Dida Driba, a car smoke standard is being prepared, and the smoke emitted by each car will be measured. He said that if the car emits more than the set limit, it will not be out of service. The authority said that vehicles that emit high levels of smoke are usually used for…
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