2merkato

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.

Ethiopia will host the Ethiopian Technology Expo 2025 (ETEX 2025), an international event designed to foster discussions among African and global technology experts, startups, and policymakers.

Frehiwot Tamru, CEO of Ethio Telecom, and Mark Elliott, President of Mastercard Africa, recently met to discuss potential collaborations aimed at advancing digital financial services across Ethiopia. The strategic meeting focused on leveraging telebirr and Mastercard platforms to enhance financial inclusion and drive sustainable economic growth.

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.