Friday, July 24, 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...

Pitron Launches Digital Solution to Prevent Paper-Based Losses in Ethiopian Financial Cooperatives

Ethiopia’s cooperative financial sector, serving over 25 million citizens...

Mastercard Foundation announces $500 million AHEFT prize to catalyze higher education across Africa

The Mastercard Foundation has officially launched the Africa Higher...

MatterMiner launches localized legal practice platform for African markets

Mkenga Na Namwaka, Incorporated has announced the commercial availability...

Government preparing new vehicle ownership tax

Ethiopia is preparing to establish a formal revenue-sharing system...

U.S. Commerce Department Launches Investigation into Solar Imports from Ethiopia

The U.S. Department of Commerce has officially initiated a...

Ethiopia’s landmark budget allocations signal sustained commitment to reducing tobacco use

The Campaign for Tobacco-Free Kids applauds the Ethiopian government...

Africa Wants to Make Its Critical Minerals a Lever for Industrialisation and Economic Transformation

African ministers, representatives from continental institutions, the private sector,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img