Ethiopian state-owned telecommunications firm Ethio Telecom recorded a half-year revenue rise of 43.3 percent to 61.9 billion birr ($491.57 million). With 1.01 trillion birr ($7.9 billion) in transactions in just six months—nearly the same amount as the previous three years from Telebirr, the mobile money service offered by Ethiopian telecom supported the increased earnings. Earnings…...
Trending
- Soros injects $7 million into a climate fund for African startups
- Increase in oil barrel price: Is Burkina Faso prepared for this surge?
- Ivory Coast: an exceptional heatwave poses risks to agriculture and energy
- Morocco: Moulay Hafid Elalamy concludes a strategic equity swap on the French Teleperformance
- Kenya: Banks sue insurance regulator over bancassurance fees
- Egypt: Dr. Islam Azzam appointed head of the General Authority for Financial Supervision
- UEMOA: Bank resources reach 57,898 billion CFA francs in 2024
- Egypt: Annual Inflation Rises to 11.5% in February
Ethio Telecom posts 43 percent rise in half year revenue
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com