Ethio Telecom, Ethiopia’s incumbent operator, is planning to buy a telecommunications satellite. The infrastructure will help it extend its network coverage in remote areas and also save on the use of equipment owned by foreigners.
Ethio Telecom estimates that each year, it spends about $12 million to rent the capacity of foreign satellites. The telecommunications satellite will also guarantee sovereignty in the telecommunications sector.
The operator has been planning to acquire the purchase of a telecommunications satellite for years now but the project was blocked when the Information Network Security Agency (INSA) announced its intention to also acquire a telecommunications satellite. At the time, the government saw it as a waste of resources if each of Ethio Telecoms and INSA acquires those satellites. It then chose to buy one.
Finally, the INSA did not buy the satellite and Ethio Telecom, which is set on making use of this opportunity, declared: “We are working on the plan. We will work on the strategy and present it to the government for approval.”
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...
• Belgian investor Victoria Equity injected $6.2M loan, proposing share conversion that would dilute State control.• Minister Bussa urges matching...
• African Gold began a 40,000m drilling program at Didievi in Côte d’Ivoire, running through 2026.• Backed by Montage Gold’s \M investment, it targets...
• Ghana has terminated Rocksure International’s lease for the Nyinahin bauxite deposit, Reuters reported on July 28.• The $1.2B project with GIADEC...
What seemed like a routine administrative matter has drawn Madagascar into an international controversy. Five Boeing 777 aircraft, briefly registered with...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...