Tech

Ethio Telecom Opens Share Sale to the Public, Valued at 100 Million Shares

Prime Minister Abiy Ahmed Announces Sale of 10% of Ethio Telecom’s Shares, Valued at 30 Billion Birr In a ceremony attended by Prime Minister Abiy Ahmed (Dr.), Ethio Telecom officially announced the sale of 10% of its shares to the Ethiopian public. The share sale, which will run from October 16, 2024, to December 25,

October 16, 2024 • By Addis Insight

Tech

Meta and Ethio Telecom to Offer Free Meta-Facebook Access Without Mobile Balance for a Limited Time

Meta Platforms to Launch Flagship Program in Partnership with Ethio Telecom Addis Ababa, October 14, 2024 – Ethio telecom has announced a significant partnership with Meta Platforms (formerly Facebook), marking a major milestone in Ethiopia’s digital service sector. During a strategic meeting between Frehiwot Tamru, CEO of Ethio telecom, and Vikas Menon, Director of Business

October 14, 2024 • By Addis Insight

Business

From Kenya to Ethiopia: M-PESA Enhances Mobile Money Transactions

M-PESA Kenya has extended its mobile money services to Ethiopia, enabling seamless transactions between the two countries via M-PESA Global. This initiative is designed to increase mobile money adoption in Ethiopia, stimulate the local economy, and create new opportunities for both individuals and businesses. “This collaboration supports our commitment to providing innovative financial solutions tailored

October 14, 2024 • By Addis Insight

Business

Ethio Telecom to Offer 10% Stake to Local Investors via TeleBirr App

Ethio Telecom, the state-owned telecommunications company, has been granted a broker license by the Capital Markets Authority of Ethiopia, enabling the company to sell 10% of its stake directly to local investors through its TeleBirr application. This initiative marks a shift from the previously planned method of selling shares through the Ethiopian Securities Market. According

October 13, 2024 • By Addis Insight

Business

Ethiotelecom’s 10% Public Share Sale: A Turning Point for Ethiopia’s Telecom Market

Ethiotelecom, Ethiopia’s state-owned telecommunications giant, has announced plans to begin selling 10 percent of its shares to the public. This marks a historic moment in the company’s 130-year legacy of providing cutting-edge telecom services across the country. The sale, which is set to commence on Wednesday, October 23 , 2024, follows the government’s recent decision

October 12, 2024 • By Addis Insight

Diaspora

Meet the Ethiopian Women Revolutionizing Children’s Education Across the Globe

In a rapidly evolving global landscape, three Ethiopian women entrepreneurs are making significant strides in children’s education by blending technology, culture, and innovation. Spread across Germany, Switzerland, and Ethiopia, Tayech Berihun of LayuToys, Selamawit Mindaye of Lijinet, and Nigist Goytom of HaHu Scripts are empowering the next generation through interactive learning tools that celebrate Ethiopian

October 5, 2024 • By Addis Insight

Business

Ethiopian Communications Authority Introduces New License Fees for Internet and Telecom Service Providers

The Ethiopian Communications Authority has issued a new directive, setting out license fees for companies applying to become internet service providers (ISPs), with costs reaching up to five million birr. The directive, issued under Communication Service Decree No. 1148/2011, also mandates that licensed companies pay an annual service charge of 1% of their gross income.

October 3, 2024 • By Addis Insight

Business

The End of an Era: Ethio Telecom Phases Out Copper for High-Speed Fiber

Ethio Telecom has announced the launch of its “Copper Switch Off” service, aimed at modernizing wired broadband internet and data-based voice services by transitioning from copper lines to fiber optics. Frehiwot Tamru, the CEO of Ethio Telecom, presented the new service to media professionals, explaining that copper technology has been a cornerstone of the telecommunications

September 24, 2024 • By Addis Insight

Business

Meet Tayech Berihun: The Ethiopian-German Entrepreneur Empowering Kids Through LayuToys

In a world increasingly interconnected yet grappling with cultural displacement, Tayech Berihun saw an opportunity to empower children through playful learning. Her journey as the founder of LayuToys is not just about creating toys—it’s about preserving language, celebrating diversity, and fostering cultural pride in children. In this spirited interview, Tayech shares the inspiration, challenges, and

September 21, 2024 • By Addis Insight

Business

EthioTelecom Aims to Expand Telebirr Service to 55 Million Subscribers by 2025

EthioTelecom, a cornerstone of Ethiopia’s telecommunications industry for over 130 years, has unveiled ambitious plans for the 2024/25 fiscal year, entering the third year of its LEAD growth strategy. While the company has played a pivotal role in the nation’s socio-economic development, its current focus shifts to accelerating Ethiopia’s digital transformation, with Telebirr mobile money

September 19, 2024 • By Addis Insight