Tag: Ethiopia

Ethiopian Airlines and Airlink sign interline agreement

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ETHIOPIA – Ethiopian Airlines (ET) has signed an interline agreement with Airlink (4Z), an airline based in Johannesburg, South Africa to allow passengers to enjoy seamless travel with a single ticket and lower fare tickets between points within the carriers’ synergized networks. With the interline agreements between the two carriers, passengers can book through their itineraries on both airlines easily. The partnership attracts more customers providing ease of connectivity to their destinations served by both Ethiopian and Airlink. Mr. Tewolde Gebremariam, Group Chief Executive Officer, Ethiopian Airlines remarked that: “In…

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Ethiopia invites bids for second telecoms license

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ETHIOPIA – Telecommunications regulator Ethiopian Telecommunications Authority, has invited a request for proposals for a second national telecoms license. Marking the next phase of the widely heralded liberalization of Ethiopia’s telecoms market, the second license (License B) is due to be issued in January 2022, introducing a third telecoms operator to compete alongside Ethio Telecom and the Global Partnership for Ethiopia (Safaricom Telecommunications Ethiopia PLC), and help boost the digital transformation in the country. Since winning the first license (License A) in June 2021, the Global Partnership for Ethiopia has quickly…

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Vodacom eyeing additional stake in Safaricom Telecommunications Ethiopia

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ETHIOPIA – Vodacom Group has signed a deal that could see it buy an additional 10.9 percent stake in Safaricom Telecommunications Ethiopia from UK’s sovereign wealth fund CDC Group at a cost of US$1.74 billion in the coming years. The deal, if completed, will raise Vodacom’s interest in the newly formed telco to 17.1 percent. The South African telco currently owns a 6.2 percent stake in the Ethiopian firm through the Netherlands-registered investment vehicle Vodafamily Ethiopia Holding Company. “As part of the transaction agreements, Vodacom has granted a put option…

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Haltons pharmacy enters Ethiopian market

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ETHIOPIA – Haltons pharmacy, a retail pharmacy chain dispensing prescription and non-prescription pharmaceutical products has opened a branch in Addis Ababa, becoming the latest Kenyan entity to make entry into the neighboring country. Haltons is a subsidiary of mPharma, a patient-centered and technology-driven healthcare company. The pharma retailer has 27 stores across Kenya. The Ethiopian store is located at Sarbet, a suburb in the capital Addis Ababa. The entry also involves Belayab Pharmaceuticals, through a franchise agreement signed in March this year, 2021. The new pharmacy in Ethiopia is intended…

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Safaricom Ethiopia in staff recruitment drive as it gears up for launch

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ETHIOPIA – Safaricom Ethiopia has announced a countrywide staff recruitment drive in Ethiopia as it gears up for commercial launch. The telcos Chief Executive Officer Peter Ndegwa said that they have also made some critical steps towards getting their foundation ready for commercial operations including plans to hire and train local Ethiopians to various opportunities. Ndegwa said they have committed to recruit 150 diverse graduates a year for the next three years. Speaking during a media conference, CEO Peter Ndegwa said Safaricom is looking forward to working and serving with the…

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Ethiopian Airlines and Boeing sign MoU to position Ethiopia as Africa’s aviation hub

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ETHIOPIA – Ethiopian Airlines Group and the Boeing Company have signed a strategic Memorandum of Understanding (MoU) on positioning Ethiopia as an aviation hub for Africa. Building on the two parties’ seventy years of shared history in aviation, the MoU aims at positioning Ethiopia as Africa’s aviation hub – “Ethiopia for Africa”.    Boeing has recognized Ethiopian as a global aviation leader in the continent and the MoU is indicative of Boeing and Ethiopian Airlines interest to establish a mutually beneficial world-class aviation partnership. To realize their shared vision, Ethiopian and…

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Ethiopian establishes B767 passenger to freighter conversion center at its Addis Ababa hub

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ETHIOPIA – Ethiopian Airlines Group has established a global standard cargo conversion program to convert the B-767-300 ER to dedicated freighter services in a partnership agreement with Israel Aerospace Industries (IAI). Ethiopian Airlines Group chief executive officer, Tewolde GebreMariam, said: ‘’In line with our Diversified Aviation Business Model of Vision 2025, we have been increasing our cargo capacity in fleet, ground service infrastructure and cargo connectivity network. Accordingly, we are partnering with IAI, one of the global technology leaders in the Aerospace industry, in building a cargo conversion center in…

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Safaricom Telecommunications Ethiopia gets nod for mobile money expansion

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ETHIOPIA – Safaricom has been given the green light to introduce its popular M-Pesa in the market of 110 million people after Ethiopian authorities decided to include the mobile phone-based financial services in the telco’s licence offered in May 2021. Ethiopian authorities told Kenya’s Business Daily that the Safaricom licence will be upgraded to include mobile financial service when it completes bidding for its second telecoms operator permit. The bidding will be opened in August 2021. A consortium led by Safaricom secured the first licence, which does not have a…

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Ethiopia to reopen bidding for second telecoms license in August 2021

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ETHIOPIA – The government of Ethiopia will open bidding for its second telecommunications operator licence in August 2021, which will extend to the right to operate mobile money services in the country earlier not available in the first licence. The Horn-of-Africa nation sold only one of two full-service licences on offer in May 2021, citing a lower-than-expected price for the second one, which it now wants to offer again. “We have made some changes that can uplift its value, for instance, mobile financial services,” Balcha Reba, director-general of the Ethiopian Communication…

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AfDB, Ethiopia, sign US$118m grant agreements to support agro-industrial park, youth employment and Ethiopia-Djibouti power interconnection

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ETHIOPIA – The African Development Bank Group (AfDB) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti. The grants fall under the Bank Group’s concessional lending window, the African Development Fund, and will go towards the Productivity Enhancement to Support Agro-Industrial Parks and Youth Employment Project worth US$47 million, and the US$71 million Ethiopia-Djibouti Second Power Interconnection Project, which aims to boost electricity trade between Ethiopia and neighboring Djibouti. The industrial parks and youth…

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