
Radar | Nov 26,2022
The state-owned Ethio telecom closed off the financial year with 61.3 billion Br in revenues.
Though it is an 8.5pc jump from the previous year's performance, the telecom operator's executives, led by CEO Frehiwot Tamiru, say outages brought on by miltarised conflict and instability at nearly 3,500 sites were a hamper.
Mobile voice services provided to 64.5 million subscribers accounted for 51pc of total revenues while data and internet made up a quarter of earnings. The company generated close to 147 million dollars from its international business operations.
Ethio telecom's Telebirr mobile money platform facilitated remittances of almost one million dollars last year.
The operator was one of over two dozen of the country's largest state-owned enterprises (SOEs) to come under the purview of the Ethiopian Investment Holdings (EIH) earlier this year. Others include the Ethiopian Airlines Group, the Commercial Bank of Ethiopia (CBE), and the Ethiopian Insurance Corporation.
Radar | Nov 26,2022
Sunday with Eden | Sep 03,2022
Sunday with Eden | Apr 22,2023
Fortune News | Sep 01,2024
Fortune News | Feb 27,2021
View From Arada | May 31,2025
Commentaries | May 25,2024
Fortune News | Dec 02,2023
Radar | Nov 16,2024
Radar | Feb 29,2020
My Opinion | 131819 Views | Aug 14,2021
My Opinion | 128203 Views | Aug 21,2021
My Opinion | 126147 Views | Sep 10,2021
My Opinion | 123767 Views | Aug 07,2021
Jul 5 , 2025
Six years ago, Ethiopia was the darling of international liberal commentators. A year...
Jun 28 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names...
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Jun 14 , 2025
Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...