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.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...