Technology

Safaricom receives $257 million to boost digital financing in Ethiopia

Safaricom receives $257 million to boost digital financing in Ethiopia

Safaricom Ethiopia is set to receive funds from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group. The company will receive support in the form of full equity investment, a loan and guarantees to support the on-going construction and operation of their greenfield telecommunications network to drive digital connectivity across Ethiopia. The deal between the two parties was officially closed two months after the IFC's agreement to invest $157.4 million in equity in Global Partnership for Ethiopia BV (GPE) and a $100 million A-loan into its subsidiary, Safaricom Ethiopia Plc. “The progress…
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Addis Ababa to host 9th India-Africa international Telecom expo

Addis Ababa to host 9th India-Africa international Telecom expo

Telecom Equipment & Services Export Promotion Council (TEPC), set up by the Ministry of Commerce & Industry and Ministry of Communications, Government of India is organizing 9th India-Africa ICT Expo in capital city of Addis Ababa, Ethiopia. The expo will takes place on August 9-10, 2023 at Skylight Hotel, Ethiopia. The event would bring together over 100+ ICT companies from India, Ethiopia and other African countries. The expo is expected to attract over 1000+ business visitors. TEPC has been organizing India Africa ICT Expo & Conference since 2015. During the years 2015 & 2016 it was organized in Kenya, 2017 &…
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CAMON 20 series, TECNO’s latest Masterpiece of Technology and Fashion

CAMON 20 series, TECNO’s latest Masterpiece of Technology and Fashion

CAMON 20 series, TECNO's latest Masterpiece of Technology and Fashion In today's fast-paced world, staying connected and having a smartphone that not only caters to your technological needs but also complements your personal style has become paramount. Look no further than the stunning TECNO CAMON 20 series - an exceptional blend of cutting-edge technology and fashionable design that has set a new benchmark in the smartphone industry. Let us take a closer look at the capabilities and design that make the CAMON 20 series the perfect choice for anyone looking for a smartphone that blends technology with design. Finding the right device…
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Internet access shut down in Ethiopia’s Amhara region

Internet access shut down in Ethiopia’s Amhara region

Heavy fighting erupted between the National Defense Army and Fano militants in several cities in the Amhara region. We have confirmed from the residents that internet service has been interrupted in the Amhara region following the start of fighting between the two parties. Neither Ethio Telecom nor the governmental institutions have anything yet as to why the internet was cut off in the region. Ethiopia has recently banned Telegram and the app is working with a VPN except in Amhara region. Following the escalation of the ongoing war in the Amhara region, Ethiopian Airlines has canceled flights to Lalibela and…
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Russia plans to build Lada car factory in Egypt

Russia plans to build Lada car factory in Egypt

The Russian-made Lada car was preferred in Ethiopia and other African countries. Russian Lada cars, which have dominated the market for years, are gradually disappearing from the world and African markets. The company said that it stopped supplying the African markets due to the waning of Russian influence and market competition due to the Cold War. Following Russia's desire to back to African markets, the company returned months ago after looking at favorable conditions in Ethiopia and other African cities. During their visits in Ethiopia, the officials of the company had a discussion with the officials and experts of the…
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Ethio Telecom plans to earn 90 billion birr in 2016 fiscal year

Ethio Telecom plans to earn 90 billion birr in 2016 fiscal year

The CEO of Ethio Telecom, Frehiwot Tamru, announced the institution's plan for the 2016 fiscal year. According to the CEO, it is planned to earn 90.5 billion birr from general telecom services in the current fiscal year. The official added that the organization has plans to get 13 million new customers in the 2016 fiscal year, bringing the total number of customers to 92 million. Another goal of the institute is to increase Telebirr customers to 44.1 million, mobile voice service users to 75 million and Internet users to 41 million. In general, the institution has planned to increase the…
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Ethiopia bans Telegram application

Ethiopia bans Telegram application

The social networking page of the Telegram application in Ethiopia has not been working since early morning of Wednesday, July 26, 2023. It is estimated that the restriction was imposed in connection with this year's 12th grade exam which starts today. However, the government has not yet given information as to why it has banned Telegram, and the application is running on a VPN. Following the conflict in related with Ethiopian Orthodox Tewahedo Church in the Oromia region, Ethiopia has banned some social networking applications for five months. Accordingly, people have been using VPN (virtual private network) to access social…
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Infinix mobile appoints Artist Selam Tesfaye as brand Ambassador

Infinix mobile appoints Artist Selam Tesfaye as brand Ambassador

Infinix Mobile Ethiopia is pleased to announce the appointment of Mrs. Selam Tesfaye as the brand's official Image Ambassador. Recognized for her talent, charisma, and influence, Mrs. Selam will represent Infinix Mobile Ethiopia in various promotional activities, contributing to the brand's growth and strengthening its connection with the Ethiopian market. Selam Tesfaye has solidified herself as a prominent personality in the Ethiopian entertainment and arts industries. Recognized for her talent, charm, and dedication to providing audiences with captivating experiences, she perfectly embodies the qualities that align with Infinix Mobile Ethiopia's values. Expressing her excitement about this partnership, Mrs. Tesfaye said,…
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Telebirr annual transaction surpasses to 680 billion birr

Telebirr annual transaction surpasses to 680 billion birr

The CEO of Ethio Telecom, Ferehiwot Tamiru, made a statement regarding the performance of the 2023 fiscal year. The CEO said that, Ethio Telecom earned a total income of 76 billion birr in the last financial year. The executive added that, 44 percent of the total revenue was obtained from voice packages and 23 percent from internet services. The institution has received $164 million from foreign exchange services. Ferehiwot added that, adding the number of cities that have received 4G telecom services has also increased to 164. The total number of Ethio Telecom customers has reached 72 million, of which…
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Boeing and Think Young trains 60 Ethiopians

Boeing and Think Young trains 60 Ethiopians

The training was conducted in collaboration with Think Young and the American Aviation company,Boeing. The training was given to 60 students from 20 schools in Addis Ababa and abroad. The training, which was given to those over seven years of age, was designed with the intention of helping young students to introduce with technology. The training given to the youngsters focused on website development, robotics, coding and artificial intelligence. The international aviation organization, Boeing is part of the training and provided financial support. Kuljit Ghata-Aura, President of Boeing Middle , Turkey and Africa, said the training is part of Boeing’s…
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