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Safaricom Telecommunications Ethiopia P.L.C. (STE), previously known as Global Partnership for Ethiopia BV (GPE), is a subsidiary of the Kenyan mobile operator Safaricom in Ethiopia, [2] licensed with fee of US$850 million on 9 July 2021. [3] [4] This fee made it the single largest foreign direct investment into Ethiopia.
The Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia. In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public."
Ethio telecom is owned by the Ethiopian government and maintains a monopoly over all telecommunication services in Ethiopia. [4] Based in Addis Ababa , it is one of the "Big-5" group of state owned corporations in Ethiopia, along with Ethiopian Airlines , the Commercial Bank of Ethiopia , Ethiopian Insurance Corporation , and the Ethiopian ...
In Ethiopia, the Internet penetration rate is 25% as of January 2022, and it is currently attempting a broad expansion of access throughout the country. [1] These efforts have been hampered by the largely rural makeup of the Ethiopian population and the government's refusal to permit any privatization of the telecommunications market. [1]
Canada and Ethiopia established diplomatic relations in 1956. Canada opened an embassy in Addis Ababa in 1957; although Ethiopia opened an embassy in Ottawa in 1962, it was closed the next year due to financial constraints and not re-opened until 1989. In 2021, Ethiopia closed its embassy in Ottawa again due to reshuffling and reorganization. [1]
A United Nations-chartered ship loaded with 23,000 metric tons of Ukrainian grain destined for Ethiopia has set sail from a Black Sea port. A United Nations-chartered ship loaded with 23,000 ...
The course was swampy in the low parts, but the sky was clear and the November weather fair enough for running fast. Which is exactly what Jordan van Druff was doing. The muscular eighth-grader had opened up a long lead against the best 13- and 14-year old distance runners in the South.
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.