KenGen to add 400MW of geothermal power to the national grid

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…

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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…

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Ethiopian 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…

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Ethio 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…

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Ethiopian 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…

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Ethiopian 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…

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Kenyan 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…

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Ethiopia’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…

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Verdant 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…

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Safaricom 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…

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