Page 4 - Tenbite Ermias News Today : Breaking News, Live Updates & Top Stories | Vimarsana

An international consortium named the Global Partnership for Ethiopia has been awarded a license to operate telecom services in Ethiopia. The impact investment consortium aspires to support Ethiopia’s digital transformation and positively enhance the lives of its citizens. The partners in the consortium are led by Safaricom Plc, a member of the Vodafone Group, and will establish a new operating company in Ethiopia which aims to start providing telecommunications services from 2022. In addition to Safaricom, the partnership includes: Vodacom Group; Vodafone Group; Sumitomo Corporation – on...

CDC Group, the United Kingdom’s development finance institution and impact investor has announced a $100 million debt commitment to the Eastern and Southern African Trade and Development Bank (TDB). According to a statement yesterday, the investment strengthens TDB’s capacity to provide additional amounts of credit to businesses in need of short-term financing. It further stated that CDC’s commitment supports the import, export and production of strategic inputs and agricultural commodity goods in the 22 member states where TDB operates, with a strong focus on those economies with the m...

Advertisement 14Trees, a LafargeHolcim joint venture with CDC Group, the UK’s publicly owned impact investor, is deploying 3D printing technology at scale to build affordable and low-carbon housing and schools in Africa, starting in Malawi. With its record speed of construction and optimised material use, this technology reduces the carbon footprint for building new homes by up to 70%. Pioneering this technology in schools for the first time, 14Trees aims to address the country’s chronic infrastructure shortage while creating skilled local jobs. Miljan Gutovic, Region Head Middle East Afr...