2merkato

Ethio Telecom reported that it generated more than Birr 85 billion in revenue during the first six months of the 2025/26 fiscal year, highlighting what it described as strong progress against its half year targets.

Japan based microsatellite company Axelspace Corporation and Ethiopian technology firm Jethi Software Development PLC have signed a memorandum of understanding to collaborate on the use of satellite Earth observation data to address development and social challenges in Ethiopia.

The Kenyan government has agreed to sell a 15 percent stake in telecom operator Safaricom to South Africa’s Vodacom in a transaction valued at approximately USD 1.6 billion, as part of efforts to raise funds through the sale of state assets.

Kenyan telecom operator Safaricom PLC has reported a 55% rise in half-year profit, supported by strong performance in its domestic market and reduced losses in Ethiopia.

Phoenix Group, a portfolio company of International Holding Company (IHC) and a global operator of digital asset infrastructure, has launched a 30-megawatt (MW) crypto-mining and digital infrastructure facility in Addis Ababa, Ethiopia.

Ethio Telecom announced that it earned Birr 162 billion in revenue during the 2024/25 Ethiopian fiscal year, marking a significant milestone in its ongoing digital transformation efforts.

Safaricom Ethiopia has reported a 270% increase in annual revenue, reaching Birr 7.2 billionfor the fiscal year ending March 31, 2025, up from Birr 2.7 billion the previous year. Despite the revenue growth, the company remains in its investment phase, recording an operating expense of Birr 47 billion.

Ethio Telecom has unveiled “Zemen Gebeya,” a nationwide online marketplace aimed at revolutionizing commerce in Ethiopia. The platform is designed to connect businesses of all sizes, micro to large enterprises, facilitating the seamless exchange of goods and services.

Ethio telecom’s mobile money platform, Telebirr, has facilitated over Birr 4.1 trillion in transactions since its launch in May 2021.

Ethio Telecom has announced the expansion of its high-speed 4G LTE Advanced mobile network to 114 additional cities across the Bale Zone, Arsi Zone, East Bale Zone, West Arsi Zone, and East Shewa Zone.