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.


Radar

City Approves Supplementary Budget for Capital Projects

Mayor Adanech Abiebe updated the City Council on the corridor development project during a meeting. While progress has been made, there are outstanding issues for some residents. An estimated 20pc of the 5,135 households impacted by construction have not yet received compensation or replacement housing. The Council approved a supplementary budget of 21 billion Br for the current fiscal year, which ends in two months. Over 90pc of these funds are earmarked for finalising capital projects, with...


Radar

Oromia Insurance Makes Historic Payout to Farmers

Oromia Insurance S.C. facilitated a 39 million Br payout in claims to Amhara Regional State farmers who suffered crop losses due to pest and drought. The initiative involved key stakeholders including the World Food Program (WFP), the Agricultural Transformation Institute (ATI), Pula Advisors, Agriculture and Finance ministries, and German development organisations. Spearheaded by Pula Advisors, the program has reached over 122,000 smallholder farmers, providing insurance against climate risk...


Radar

Ethio telecom Rolls Out Nationwide Digital ID Registration

Ethio telecom has launched a nationwide digital national ID registration program across 19 locations in Addis Abeba and 29 towns nationwide. With plans to register up to one million citizens a month, targeting to reach 32 million people within the next three years. The target represents 36pc of the total national goal of registering 90 million citizens. This program leverages the telco's extensive ICT infrastructure and network services in partnership with the national ID program office, led...


Back
WhatsApp
Telegram
Email