Ethio Telecom has partnered with the African Development Bank (AfDB) to accelerate Ethiopia’s digital economy and enhance internet access across the continent. This collaboration aims to foster technological advancement, economic opportunities, and inclusive growth.
Strategic Dialogue and Goals
In a high-level meeting attended by AfDB Vice President Solomon Quaynor, Deputy Director General Leandre Bassole, and Ethio Telecom CEO Frehiwot Tamiru, discussions focused on financing Ethio Telecom’s digital transformation initiatives. The partnership seeks to strengthen Ethiopia’s digital infrastructure, expand rural connectivity, and develop advanced digital solutions.
CEO Frehiwot emphasized Ethio Telecom’s commitment to transforming Ethiopia into a connected, technology-driven economy. She highlighted the company’s progress in providing cloud services, advancing mobile money platforms, and delivering enterprise solutions for businesses and governments.
Significant Investments in Digital Infrastructure
Ethio Telecom has pledged to invest over $1.1 billion in digital infrastructure during the current fiscal year, underscoring its role as a key player in Africa’s digital transformation. The company aims to close the digital divide while promoting sustainable and inclusive development.
AfDB Support and Vision
AfDB representatives praised Ethio Telecom’s efforts, emphasizing the critical role of connectivity in driving innovation and fostering economic growth. The bank reaffirmed its commitment to supporting Ethio Telecom’s strategic initiatives, highlighting the potential for impactful collaborations across Africa.
This partnership reflects Ethio Telecom’s focus on building a technologically advanced future, contributing significantly