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Top related persons:
Safaricom - 1 Stanley Njoroge - 1 Dawit - 1 Elias Biryabarema - 1 Aaron Ross - 1 Jane Merriman - 1
Top related locs:
Ethiopia Addis Ababa ADDIS ABABA Horn of Africa Kenya Democratic Republic of Congo Egypt Ghana
Top related orgs:
REUTERS - 1 Tiksa - 1 South Africa’s Vodacom - 1 Britain’s Vodafone - 1 Democratic - 1 Ethio Telecom - 1 Thomson - 1

Search resuls for: "Ethio Telecom"


3 mentions found


☆ Safaricom launches M-Pesa mobile money service in Ethiopia
  + stars: | 2023-08-16 | by ( Dawit Endeshaw | ) www.reuters.com   time to read: +2 min
[1/2] A customer displays the package of a Safaricom Ethiopia sim card during the service launch in Addis Ababa, Ethiopia, October 6, 2022. REUTERS/Tiksa Negeri/File Photo Acquire Licensing RightsADDIS ABABA, Aug 16 (Reuters) - Safaricom's (SCOM.NR) M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies. The company also faces stiff competition from Ethio Telecom, whose profits more than doubled in its latest financial year. In July, Ethio Telecom reported having more than 34 million subscribers to its mobile money service Telebirr. Mobile money services are common in East Africa, allowing customers to send and receive money and pay for goods and services.
Persons: Safaricom, Stanley Njoroge, Dawit, Elias Biryabarema, Aaron Ross, Jane Merriman Organizations: REUTERS, Tiksa, South Africa’s Vodacom, Britain’s Vodafone, Democratic, Ethio Telecom, Thomson Locations: Ethiopia, Addis Ababa, ADDIS ABABA, Horn of Africa, Kenya, Democratic Republic of Congo, Egypt, Ghana, Lesotho, Mozambique, Tanzania, Mobile, East Africa
☆ Ethiopia to offer up to five banking licenses to foreign investors
  + stars: | 2023-05-03 | by ( Dawit Endeshaw | ) www.reuters.com   time to read: +1 min
ADDIS ABABA, May 3 (Reuters) - Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. "We will give three to five licenses within five years," vice governor of the central bank Solomon Desta told reporters. Ethiopia's banking industry is dominated by state-owned Commercial Bank of Ethiopia, and the sector has 29 players, all of them locally owned. Desta said foreign investors would have different options to enter the industry, including forming joint ventures with domestic players, or establishing local subsidiaries. Foreign investors have long eyed sectors including banking, telecoms, transportation and aviation in Ethiopia, a country of more than 100 million people and one of the biggest economies in Sub-Saharan Africa.
☆ Ethio Telecom posts H1 growth in revenue, financial service subscribers
  + stars: | 2023-01-12 | by ( Dawit Endeshaw | ) www.reuters.com   time to read: +1 min
[1/2] Ethio Telecom employees serve a customer inside their call centre in the Bole neighborhood branch in Addis Ababa, Ethiopia July 29, 2022. REUTERS/Tiksa NegeriADDIS ABABA, Jan 12 (Reuters) - Ethiopia's state-owned Ethio Telecom on Thursday reported a 20% rise in half-year revenue to 33.8 billion birr ($633 million). Subscribers to its mobile phone-based financial service Telebirr, launched in May 2021, grew to 27.2 million out of its 70 million total subscribers, CEO Frehiwot Tamiru told a news conference. That was up from 21.8 million Telebirr subscribers in June 2022. Efforts to attract investment have been hampered, however, by a two-year war in the northern Tigray region, which has killed tens of thousands and displaced millions.
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