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Ethio telecom Introduces Loyalty Scheme, Online Retail Platform

Apr 30 , 2022

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The state-owned Ethio telecom has launched a customer loyalty programme and an online retail platform ahead of impending competition from Safaricom Ethiopia Plc. The 'Ashamtele' customer loyalty programme allows subscribers to win incentives and rewards based on points collected from using telecom services such as voice, internet and SMS. Subscribers can use the 'Telegebeya' web-based sales platform to buy mobile devices, modems, and broadband terminals. The platform is being rolled out in Addis Abeba, where users can pay for their products through Telebirr and have the goods delivered. The state-owned operator's Telebirr mobile money platform has garnered over 17 million subscribers since launch in May 2020. It has facilitated transactions worth over eight billion Birr.

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Central Bank, Global Alliance Partner to Enhance Sustainable

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Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms

Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. Bank executives cited rising deposit mobilisation costs and the need to align with market standards as key factors influencing the decision, despite successful internal reforms that have reduced operational expenses. Executives noted that these adjustments are crucial for maintaining its competitive edge and ensuring the continued delivery of efficient services to its clientele. ...

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Chemical Corp Posts Substantial Revenue, Profit Growth in 1Q

The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billion Birr, which marks a considerable 182.6pc increase compared to the same period last year. Company officials attributed the growth result to enhanced market reach, effective cost-cutting measures, and optimisation of plant capacity utilisation. Year-on-year revenue growth was noted across variou...

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