Ethio telecom Omens High Revenues Amidst Competition Limelights

Jul 29 , 2023

In an ambitious bid to bolster revenue streams even further, the state-owned Ethio telecom forecasts to generate 90.5 billion Br in the coming fiscal year, anticipating a 19pc upstick from this year. Under Firehiwot Tamiru, Ethio telecom targets to increase subscribers to 78 million while expanding its Telebirr digital platform users which stands at 34.3 million by adding 10 million customers. The telecom announced its second-year implementation of the lead growth strategy at Skylight Hotel, Africa Avenue (Bole Road) last week. During the ceremony, Frehiwot mentioned that the telecom stands on solid grounds to compete with the forthcoming third operator joining the field. The Company plans to expand the 4G and advanced 4G coverage to 140 towns.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...