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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.

State-owned Ethio Telecom has announced a record performance for the fiscal year 2023/2024, reporting a substantial revenue increase of 21.7% to reach Birr 93.7 billion. This represents a Birr 16.7 billion surge over the previous year, surpassing the company’s targets by 103.6%.

Safaricom Ethiopia is taking a big step towards local sourcing by incorporating telecom towers manufactured in Ethiopia into its network expansion plans. The company has partnered with Woda Metals, the nation's first producer of telecom towers.

Ashewa Technology Solutions signed a collaboration agreement with Santim Pay Financial Solutions, aiming to offer customers more convenient and affordable payment options with lower transaction fees. CEO Daniel Bekele highlighted the importance of this partnership in providing alternative payment methods.

Safaricom Ethiopia announced a hefty investment of USD 1.5 billion to build 5,000 new telecom towers across the country over the next three years. This ambitious plan aims to significantly improve network infrastructure and connectivity for millions of Ethiopians.

Ethio Telecom upgraded its Telebirr SuperApp to the next level with the launch of Telebirr Engage, transforming it into a comprehensive suite for communication, finance, and social interaction.

The Institute of Foreign Affairs (IFA) held a discussion forum on Wednesday, emphasizing the growing need for Ethiopia to adopt national policies regarding Artificial Intelligence (AI) as its global influence rises.

Ethio Telecom has announced its financial results for the first half of the current fiscal year. The company reported a net profit of Birr 11 billion, representing a significant 14% increase compared to the same period last year.