2merkato

Ethio Telecom has launched a new fast payment system, “Tolo,” on Telebirr, introducing a digital solution for toll and fine payments on the Addis Ababa - Adama Expressway.

Ethio Telecom, the state owned telecome monopole, is looking for contractors that will design and constructs its new seven building headquarters. Ethio Telecom plans to construct the headquarters at its IT Park on a 37,000 square meters plot of land.

The first 6 months of the current fiscal year has blessed Ethiopia’s telecom monopole, Ethio Telecom, with 10.9 billion Birr gross profit. This was a 111 percent achievement of the company’s plan.

Ethiopia’s telecom monopole, Ethio Telecom, disclosed it made 20.8 billion Birr of gross profit in the just concluded fiscal year. Such was disclosed during a discussion held to evaluate 2015/2016 performance and make plans for the coming fiscal year.

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.