2merkato

Ethio Telecom has announced major achievements in the first half of the 2024/25 fiscal year, including saving Birr 3.5 billion through cost-effective digital services, transferring over one trillion Birr via Tele Birr, and expanding 5G services to 10 cities.

Ethiopia’s telecommunications market is gearing up for further growth, with the arrival of a third telecom operator expected by late 2025 or early 2026, according to the Ethiopian Communications Authority (ECA). Although the ECA paused new license issuance in mid-2023, this move is intended to foster a more favorable investment climate before welcoming new global players.

Ethiopia has signed a host country agreement with AeTrade Group, an African Diaspora-led social enterprise, to establish its East African regional headquarters in Addis Ababa.

The Ministry of Innovation and Technology (MoIT) announced that the Digital Ethiopia 2025 Strategy has led to a dramatic increase in internet users, surpassing 42 million from just 17 million at its launch.

Ethio Telecom, Djibouti Telecom, and Sudatel Telecom Group have signed a Memorandum of Understanding (MoU) for the Horizon Fiber Initiative. This transformative project aims to enhance digital connectivity across Africa, linking the Horn of Africa to Europe and Asia through a high-capacity, redundant terrestrial fiber optic network.

Meta Platforms, in partnership with Ethio telecom, has announced a flagship initiative aimed at enhancing digital services in Ethiopia. This collaboration follows strategic discussions between Ethio telecom CEO Frehiwot Tamru and Meta’s Director of Business Development for the Middle East and Africa, Vikas Menon, along with senior Meta executives.

Ethio Telecom officially launched its "Copper Switch-Off Initiative," which aims to migrate 100,000 customers from the existing copper network to high-speed fiber optic infrastructure by the end of this fiscal year.

Ethio Telecom has announced plans to secure Birr 163.7 billion in revenue for the 2024/25 Ethiopian fiscal year, marking a significant 74.7% increase from the previous year’s Birr 93.7 billion. CEO Frehiwot Tamiru outlined the ambitious goal while presenting the company’s annual plan.

Ethiopian Airlines Group is set to harness its logistics hub to distribute products for AliExpress, the Chinese online retail giant. The official launch of AliExpress in Ethiopia will take place on August 22, 2024, at Skylight Hotel, Airport Road. Senior executives from both companies are expected to attend this significant event.

Ethio telecom has taken a step towards diversifying its services by introducing a new international digital money transfer service in partnership with VISA, a global leader in digital payment technology. The collaboration was formalized with the signing of a strategic agreement between Ethio telecom CEO, Frehiwot Tamru, and VISA’s Country Manager, Yared Tadele.