Ethio Telecom and AfDB Join Forces to Accelerate Digital Transformation

Ethio Telecom has partnered with the African Development Bank (AfDB) to advance Ethiopia’s digital economy and broaden internet access across Africa. This collaboration aligns with a shared vision of fostering the continent’s digital transformation.

Senior representatives from AfDB, including Vice President Solomon Quaynor and Deputy Director General Leandre Bassole, visited Ethio Telecom for a strategic meeting hosted by CEO Frehiwot Tamiru. During the meeting, Ms. Frehiwot emphasized the importance of partnerships in realizing Ethio Telecom’s Digital Ethiopia vision.

She stated, “Ethio Telecom is committed to driving Ethiopia’s transformation and Africa’s digital empowerment by expanding infrastructure and providing innovative solutions to promote inclusive growth and a connected future.”

Ethio Telecom’s Role in Digital Transformation

Ethio Telecom continues to play a pivotal role in Ethiopia’s and Africa’s digital evolution. By expanding its user base and delivering cutting-edge digital services, the company accelerates Ethiopia’s shift to a tech-driven economy while contributing to Africa’s broader digital growth.

As one of the continent’s leading telecom providers, Ethio Telecom leverages technology to bridge the digital divide, create economic opportunities, and promote sustainable development.

Key Achievements and Initiatives

Ethio Telecom has achieved significant milestones, including:

• Developing robust telecom and digital infrastructure.
• Expanding rural connectivity.
• Establishing cloud services and data centers.
• Advancing mobile money and fintech solutions.
• Delivering enterprise digital solutions for businesses and governments.

Support from AfDB

AfDB representatives commended Ethio Telecom’s progress. Vice President Quaynor noted, “Supporting telecom operators empowers economies and societies. Ethio Telecom’s initiatives drive innovation and sustainable growth across Africa.” The AfDB reaffirmed its readiness to back the company’s digital projects, underscoring the partnership’s potential.

Strategic Investment in Digital Growth

As part of its roadmap, Ethio Telecom has pledged over US$1.1 billion in investments for digital infrastructure and services in the current fiscal year. This investment underscores the company’s commitment to technological advancement and socioeconomic development.

This partnership between Ethio Telecom and AfDB highlights a shared commitment to innovation, bridging the digital divide, and building a sustainable, technology-driven future for Africa.