The public telecom company Ethio Telecom signed a servicing agreement with the Ethiopian Electrical Utilities (EEU) to solve the quality problems caused by untimely disruptions of its network. Thanks to this agreement, EEU will provide Ethio Telecom, a guaranteed volume of energy the telecom company needs to power part of its sites and guarantee ongoing operation of its network.
The other sites will still be powered with diesel generators and solar panels. Apart from solving the problem of untimely disruption, the energy provided by EEU will also allow Ethio Telecom to avoid its full dependence on diesel-powered generators which requires lots of money in foreign currency to buy that diesel. In 2017, the news website Addis Fortune revealed that Ethio Telecom lost ETB2.1 billion ($75,293,864) due to network disruptions.
Let’s remind that this cooperation between Ethio Telecom and EEU falls within the framework of a program initiated by the new CEO of Ethio Telecom, Frehiwot Tamiru, to improve network quality.
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
StartupBlink ranked 25 African countries in its global innovators index, with 13 in the top 100. ...
Guinea appointed Alpha Bacar Barry as minister in charge of national education, literacy, technical education, and vocational training by presidential...
DR Congo and Abu Dhabi–based AD Ports signed a memorandum of understanding to develop and operate a multi-purpose terminal at Matadi port. The project...
Kenya saved about $167 million in debt servicing costs after converting Chinese loans from dollars to yuan. The swap covered three China...
JPMorgan Chase is finalizing a new benchmark index for local-currency frontier market bonds, with a potential announcement by mid-2026. The index...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...