Telecom Giant Expects 24pc Jump in Revenues

Aug 21 , 2021


[ssba-buttons]

In the face of impending competition, Ethio telecom targets to increase its revenues by 24pc to 70 billion Br this year. The state-owned telecom giant earned 56.5 billion Br in revenues during the last fiscal year, portraying an 18pc annual increase. Unveiling a new strategy that spans from 2021 to 2024 last week, Frehiwot Tamiru, CEO, explained her intent to introduce new business streams and shift revenue sources from traditional to value-added services in order to achieve the target set for this year. The Safaricom-led global consortioum, which acquired a telecom license for 850 million dollars, is expected to start operations in early 2022. It is expected to start providing services by renting out telecom infrastructure from Ethio telecom, another revenue source that Frehiwot expects to boost the numbers this year.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...