In a strategic effort to support Africa’s digital transformation, Ethio Telecom has partnered with the to improve Ethiopia’s digital economy and increase internet access across the continent.

Recognizing this shared vision, along with , and the bank’s senior management team, visited Ethio Telecom for a high-level strategic meeting, conducted by

A Strategic Dialogue for Africa’s Digital Future

Ethio telecom & the African Development Bank (AfDB) have initiated a strategic discussion on financing Ethio telecom’s digital transformation initiatives, a move that will further enhance
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— Ethio telecom (@ethiotelecom) January 16, 2025

highlighted the significance of collaboration in achieving Ethio Telecom’s vision for Digital Ethiopia, highlighting the company’s progress, “Ethio Telecom is dedicated to transforming Ethiopia and contributing to Africa’s digital empowerment. By expanding our infrastructure and offering innovative digital solutions, we are fostering inclusive economic growth and building a more connected future.”

The CEO also stated that Ethio telecom is constantly expanding and advancing as a significant player in Ethiopia’s and Africa’s digital transformation journeys. By growing its user base and delivering innovative digital solutions, the company is hastening Ethiopia’s transition to a fully connected, technology-driven economy while also actively contributing to Africa’s larger digital growth. Ethio Telecom, one of Africa’s leading telecom companies, remains committed to using technology to close the digital gap, create economic opportunities, and develop a more inclusive and sustainable future.

Ethio Telecom has made significant progress in the following areas:

AfDB representatives praised Ethio Telecom’s efforts, with stating: “Financing telecom operators is about empowering economies and societies. Ethio Telecom’s work goes beyond connectivity—it’s about driving innovation and fostering sustainable growth across Africa.”

They highlighted several areas of potential partnership and reaffirmed AfDB’s readiness to support the company’s digital initiatives. Expressing confidence in the partnership, he stated, “It is your Bank, and you can rely on us to support you in your next moves.”

As part of its strategic roadmap, Ethio Telecom has committed to investing over $1.1 billion in digital infrastructure and services in the current fiscal year. This significant investment reflects the company’s focus on technological advancement and socioeconomic development.

This partnership highlights Ethio Telecom’s focus on innovation and closing the digital gap, reaffirming their commitment to building a sustainable and technologically advanced future.