KENYA – The Kenya Electricity Generating Company (KenGen) has announced a plan to add 400 megawatts (MW) of geothermal power to the national grid in the next five years. The State agency says the output would completely phase out thermal power. Under the project, KenGen will rehabilitate some of its geothermal power plants and upgrade others as it continues with…
Read MoreTag: Ethiopia
Safaricom to launch its fintech business M-pesa in Ethiopia following new legislation
ETHIOPIA – Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce its popular M-Pesa in the market of 110 million people, reports Business Daily. Ethiopia’s central bank has drafted a Bill that will allow foreign investors to offer mobile money services, boosting firms such as Safaricom that are seeking to start operations in…
Read MoreEthiopian Airlines partners AFRAA toward Aviation MRO services
ETHIOPIA – Ethiopian Airlines, UTD Aviation Solutions and the African Airlines Association (AFRAA) have signed a tripartite MoU to work together on Maintenance, Repair, and Overhaul (MRO) services in pursuance to the The Brown Condor Initiative (BCI). The Brown Condor Initiative (BCI) is a joint initiative which was conceptualized in 2020 and officially launched by UTD Aviation Solutions and AFRAA…
Read MoreEthio Telecom partners five companies to resell its internet service
ETHIOPIA – Ethio Telecom, an Ethiopian telecommunication company, has signed a three-year contractual agreement with five virtual internet service partners to resell its internet service. The state-owned telecom provider signed partnership agreement with Sky Net IT Solutions, Zergaw ISP, Web Sprinks, Viva Tech Trading and Dule Business Group, Frehiwot Tamiru, Ethio Telecom CEO, described the agreement as “long-term agreement” aimed…
Read MoreEthiopian Airlines resumes passenger flights to India’s Bengaluru
ETHIOPIA – Ethiopian Airlines, the largest aviation group in Africa, has announced the resumption of thrice weekly passenger flights to Bengaluru, India. The airline announced the recommencement of after it halted operations for two years due to the pandemic. Ethiopian operated its first flight services to Bengaluru in October 2019. The nonstop service between Bengaluru and Addis Ababa is being…
Read MoreEthiopian Airlines appoints Mesfin Tasew Bekele as Chief Executive Officer
ETHIOPIA – The Board of Management of Ethiopian Airlines Group has announced the appointment of Mr. Mesfin Tasew Bekele, as Chief Executive Officer of the airlines group, effective March 23, 2022. Mr Mesfin has been a successor to the former CEO of the Airline group, Tewolde GebreMariam whose early retirement request due to health issues has been approved by the…
Read MoreKenyan telecom operator Safaricom signs infrastructure agreement with Ethiopia
ETHIOPIA – Safaricom, the newest telecom operator in Ethiopia, has signed a five-year lease agreement with state-owned power utility to share dark fiber-optic infrastructure in Ethiopia, the first infrastructure deal with the nation. Safaricom says it has finalised preparations to launch commercial operations to provide telecom service to Ethiopians, becoming the first private and foreign entity to offer these services…
Read MoreEthiopia’s Dashen Bank partners with CR2 to accelerate digital branch transformation
ETHIOPIA – Dashen Bank, the largest private bank in Ethiopia, has announced that it has extended its strategic partnership with CR2 as they accelerate their Branch Transformation programme, a key pillar of their overall digital transformation taking place at the bank. This latest strategic initiative responds to the changing nature of the branch, migrating traditional teller services to digital points…
Read MoreVerdant Ventures, Gateway Real Estate launches residential tower in Addis Ababa
ETHIOPIA – Verdant Ventures has partnered with Gateway Real Estate to launch Elevation Residences, a 112-unit residential tower offering state-of-the art amenities and safety suitable for Tier 1 clients. The market opportunity for international-standard housing in Addis Ababa, as the third largest consular community in the world, was a key factor in drawing the global developers. Verdant Ventures, a US-based…
Read MoreSafaricom to put up US$100m data center in Ethiopia
ETHIOPIA – Mobile network operator Safaricom is deploying a new prefabricated data center in the Ethiopian capital Addis Ababa, as the telco begins to launch operations in the country. Anwar Soussa, managing director of Safaricom Ethiopia, said in December 2021 the company’s first data center has arrived in Addis and the company is working on its network rollout. “At such…
Read More