Ethiopia: Huawei Selected for 4G Network Upgrade of Ethiopian Capital
Ethiopia's state-owned Ethio Telecom said on Thursday it had selected Huawei Technologies Co Ltd, a Chinese telecom equipment manufacturer, to upgrade Addis Ababa's network infrastructure to a high-speed 4G network, Reuters reported.
The upgrade is part of a US$1.6 billion contract concluded in July and August between Ethio Telecom, Huawei and ZTE Corp., China's biggest telecom equipment makers, to expand mobile phone network throughout Ethiopia.
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Ethiopian Insurance Corporation (EIC), a state owned enterprise, reported 203.5 million birr profit during the first quarter of the fiscal year, Walta Information Center reported.
Work for Youth (W4Y), a regional conference which discuss labor market transitions of young women and men and higlight youth employment initiatives in Sub-Saharan Africa will be held from 3-4 December 2013 in Addis Ababa, Ethiopia, according to a press release the International Labor Organization (ILO) sent to Ethiopian News Agency.
Oromia Insurance Company (OIC) reported a 239% rise in gross profit in the 2012/13 fiscal year, Capital reported.
