Postal Service Earns 86m Br Profits

Oct 9 , 2021

The Ethiopian Postal Service Enterprise has reported profits of 86 million Br for the last fiscal year, 11pc higher than its target. The Enterprise's alliance with the Ethiopian Public Health Institute (EPHI) to transport COVID-19 samples have contributed to its latest performance. The postal service provider recently adjusted rental fees for boxes for the first time in 11 years, raising them by as much as 600pc. The rental fee for a regular mailbox surged to 600 Br from 85 Br annually while the fee for larger mailbox soared by 500pc to 170 Br. Only 40pc of the 124,000 boxes of the 128-year-old state-run postal service provider are rented.



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