Wednesday, September 9, 2026

36.3 billion birr in revenue

The state-owned Ethio Telecom, a potential candidate for privatisation, generated 36.3 billion birr in revenue during the last fiscal year, a 7 percent rise from the previous year.
Multinational firms are eyeing a slice of the telecom provider after the government announced to liberalise the telecommunications sector, opening up one of Africa’s last remaining state-controlled telecoms markets.
France’s Orange, MTN of South Africa, Britain’s Vodafone Group, the UAE’s Etisalat and Zain of Kuwait are among the companies that have expressed an interest in the firm.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

Ethiopia overhauls 1990s construction guidelines to curb chronic delays

Ethiopia’s rapidly expanding construction sector has long grappled with...

Orbix targets 500,000 EV for national platform integration

Ethiopian Mobility and smart-infrastructure startup Orbix Technologies has officially...

Dangote group outlines Ethiopian expansion plans in historic multi-trillion Naira IPO launch

By our staff reporter Dangote Industries Limited has officially commenced...

U.S. DFC targets SME investment for Bishoftu International Airport

The United States and Ethiopia are deepening their commercial...

Technical skills not enough: African PFM reforms put leadership at centre stage

Public-sector reform across Africa is rarely held back by...

KEFI suspends Tulu Kapi work until secure environment restored after fatal incident

London-listed mining company Kefi Gold and Copper has immediately...

Addis Chamber moves to lead private sector role at COP32 through new Green Growth Centre

By Eyasu Zekarias The Addis Ababa Chamber of Sectoral Associations...
spot_img

Related Articles

Popular Categories

spot_imgspot_img