2merkato

Ethio Telecom generated Birr 215.8 billion in total revenue during the recently concluded Ethiopian fiscal year, achieving 99.7 percent of its annual target, the company announced.

Safaricom Ethiopia has signed a Joint Venture Agreement with the National ID Program and Africom Technologies PLC to support the implementation of the National Fayda Digital ID Registration Project.

Ethiopia has secured the 23^rd position globally in the 2026 Ataraxis Global Outsourcing Talent Index, a comprehensive analysis evaluating 193 countries on labor costs, English proficiency, talent availability, and digital infrastructure. The report highlights Ethiopia as part of a group of African nations becoming competitive destinations for business process outsourcing (BPO). Ethiopia now ranks among the top 25 global destinations, contributing to Africa’s 28% share of the world’s leading outsourcing hubs.

Ethio Telecom has signed a major network expansion and modernization agreement with its long-time technology partner Ericsson, a move expected to significantly enhance mobile connectivity and digital services across Ethiopia.

Ethio telecom has officially launched teleStream, a new internet-based streaming platform aimed at reshaping Ethiopia’s digital and media landscape. The platform was unveiled at the Science Museum in Addis Ababa as part of the company’s long-term corporate roadmap, “Next Horizon Digital and Beyond 2028.”

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.