FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Ethio telecom Unveils teleStream Internet TV Platform


Ethio telecom Unveils teleStream Internet TV Platform

Ethio telecom has launched a new internet television platform, teleStream, betting that the future of Ethiopia’s entertainment industry will be delivered through fibre-optic cables rather than satellite dishes. The state-owned operator is offering more than 60 live channels and 350 on-demand titles via fibre and mobile data. Chief Executive Officer Frehiwot Tamiru said teleStream introduces a modern viewing experience while creating economic value by enabling local broadcasters to bypass the foreign currency costs tied to satellite leases. The platform is designed with inclusivity in mind, incorporating technology that converts conventional televisions into smart TVs, widening access across income groups. With mobile data subscribers now reaching 49 million, teleStream signals a shift from traditional voice-driven revenues toward a broader digital services portfolio. To accelerate uptake, the company is offering a 33pc discount on annual subscription packages.

[ssba-buttons]

Radar

Prime Capital Joins ESX, Seeks Securities Dealership Licence

Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities tran...


Radar

Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

The Prime Minister's Office will appoint independent tax conciliators while taxpayers face a 10pc penalty for late evidence under the Federal Tax Administration Amendment ratified by Parliament last week. By shifting the selection of “conciliators” from the tax authority to the PMO, authorities aim to establish a neutral dispute-resolution system to speed up out-of-court settlements. Experts describe the move as a high-stakes reform with notable institutional risks. The legislation, pa...


Radar

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public trading. The approval covers five million existing shares worth five billion Br and one million bonus shares valued at one billion Br, paving the way for the Bank's future participation in Ethiopia's capital market. ZamZam plans to raise its capital to 15 billion Br and introduce Sharia-compliant i...