21 October 2024

The 10% initial public offering (IPO) of Ethio Telecom officially started on the Ethiopian Securities Exchange, the local stock exchange, on 16 October.

A total of 100 million ordinary shares are being made available to Ethiopians only. The share price is set at 300 birr. The minimum number of shares sold has been set at 33 for 9,900 birr while the maximum is 3,333 shares for 999,000 birr.

18 October 2024

Vertiv, Encapsulated East Africa Limited, and the Kenyan National Transport and Safety Authority (NTSA), recently deployed a new integrated modular data centre infrastructure solution to boost data centre performance and service delivery.

As part of its digital transformation strategy, the NTSA embarked on the modernisation of its Transport Integrated Management System (TIMS) to allow citizens to experience maximum service efficiencies when registering their motor vehicles, and to promote a positive economic impact within the country.