Radio Fana Undergoes Revamp » Ethiopian News

Radio Fana Undergoes Revamp

January 03 Posted by: Gubae Gundarta | 3-01-2011, 06:07 |

Radio Fana Undergoes Revamp

By Gubae Gundarta

Radio Fana has been in the broadcast business for the last sixteen years. Changing its name to Fana Broadcasting Corporate Share Company, it had announced that it was planning on diversifying its services. Woldu Yimesil, Company Manager, told reporters towards the end of last week that the broadcasting firm would start TV broadcasting, besides radio to meet the ever increasing need of the audience.

The manager said all preparations were concluded to televise. “We are waiting for the go-ahead from the Ethiopian Broadcasting Agency; an application for a license had already been turned in.”

Asked about its ownership, Woldu said Fana belonged to Tumsa, Tiret, Tiemt, and Woldu which are regional endowment entities plus a few individuals whom he did not want to name.

It was learned that the capital of the company had grown to 100,000,000.

NewsDire Staff Writer

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