2merkato

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.

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.