2merkato

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.

Ethio Telecom launched a Digital Financial Marketplace to boost the financial sector and promote inclusion.

Ethio Telecom has introduced new services, including Voice over Long-Term Evolution (VoLTE), to enhance connectivity and drive digital development in Ethiopia.

Raxio's Data Center has inaugurated a new facility in Addis Ababa, aiming to boost digital inclusion and extend Ethiopia's ICT infrastructure.

The Japan International Cooperation Agency (JICA) and the Ethiopian Ministry of Innovation and Technology have reached an agreement to collaborate on enhancing the private sector within Ethiopia's start-up technology ecosystem.

Visa, a leading global provider of digital payment solutions, has joined forces with Enkopa Summit as the Platinum Sponsor for its annual event, scheduled to take place on October 12-13, 2023, at the Science Museum in Addis Ababa, Ethiopia.

The Ethiopian Communications Authority (ECA) revealed that it would issue a second telecommunications license by the end of 2023. The entire licensing process could take two to three months allowing the third license to be issued in either November or December 2023.

The next "India-Africa ICT Expo" set to take place in Addis Abeba, Ethiopia on August 9–10, 2023, was discussed during a meeting between the Director General of Telecom Equipment and Services Export Promotion Council (TEPC) and the Ethiopian Ambassador to India, Demeke Atnafu.

Ethio Telecom has revealed its three-year growth plan, which includes the annual business plan for the 2023/24 fiscal year. It plans to offer local and international products and services to the market, expand telebirr's access, service types, and partner network, enhance service delivery, and increase customer satisfaction, retention, and loyalty.

Ethio telecom's Mobile Money business, Telebirr, had 34.3 million subscribers and a total transaction value of Birr 679.2 billion in the 2022/23 fiscal year. The company generated a total revenue of Birr 75.8 billion, achieving 101% of its target. The total number of subscribers reached 72 million, an increase of 8% from the previous year. Mobile voice subscribers were 69.5 million, data and internet users were 33.9 million, and fixed broadband subscribers were 618.3K.