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Ethio Telecom Shareholders Finally Certified, Dividends Off-Limits for Past Year

Sep 2 , 2025

Ethio telecom confirmed today that tens of thousands of domestic investors are now officially shareholders in the state-owned giant, after 10 months of waiting.

The company offered 10.7 million ordinary shares, 10pc of its equity, during a 121-day subscription window that drew 47,377 shareholders.

CEO Frehiwot Tamiru told Fortune last week that certification was nearing completion, a milestone now formally announced. However, she made clear that the shareholders will not benefit from the 12 billion Br in dividends paid out to the federal government for the fiscal year that ended in July.

During an event at the Science Museum on Menelik II Avenue last week, Frehiwot also rolled out a bold three-year strategy, “Next Horizon: Digital & Beyond 2028.” The plan targets distributing 111.3 billion Br in dividends over the period, with 35.4 billion Br slated for the current fiscal year alone.

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