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Why Ethiopia’s state telco builds EV chargers
Source: Ethio Telecom
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Ethio Telecom is doubling down on a new business segment to diversify its revenue: Powering electric vehicles. The move into EV charging by Ethiopia’s national telco positions it to capture a slice of a market that is potentially lucrative following the country’s aggressive and some say hasty ban on fossil-fuel vehicle imports.
Ethio Telecom this week rolled out its third high-speed electric vehicle charging station with 16 charging points in the capital Addis Ababa. Its two other charging stations have a total of 32 charging points. The chargers are compatible with European EV models, addressing a critical market gap.
Private companies are also rapidly rolling out chargers. TotalEnergies Ethiopia was one of the first, while startups like Green Tech Africa and Munja Group are building new charging networks for various EV segments.
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