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Ethio Telecom partners with Ministry to launch telebirr services for two institutions
Spread the NewsLorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Ethio telecom partnered with Ministry of Innovation and Technology to launch telebirr, a mobile money service for Ministry of Foreign Affairs and Accounting & Auditing Board of Ethiopia (AABE). The agreement will enable the two…

Ethio telecom launches cloud computing service
Spread the NewsEthio telecom has launched Cloud Computing Service, telecloud, which would modernize and empower daily business activities of the customers. The new cloud computing service will help companies to get modern services virtually without the need to build data centers and other infrastructures, Frehiwot Tamiru, CEO of Ethio telecom said Thursday. The service launching…

Ethiopian Airlines rakes in $5 bln annual revenue
Spread the NewsEthiopian Airlines has staged a major rebound from pandemic slump, racking in a five 5 billion US Dollar annual revenue in the recently concluded 2021/22 Ethiopian fiscal year. At the height of the pandemic, the company’s revenue was seriously affected after it was forced to suspend 91 of 110 passenger flights. The airlines…

Ethio telecom plans increasing customers’ to 73.5 million
Spread the NewsEthio telecom, the state giant telecom operator, announced Monday that it has a plan to increase its customers to 73.6 million in the current Ethiopian fiscal year from the baseline of 66 million customers. Frehiwot Tamiru, CEO of Ethio telecom unveiled Three Years Lead Growth Strategy (July 2022-July 2025) of the company at…

African airlines to post a loss of 638 million USD in 2022
Spread the NewsThe International Air Transport Association (IATA) projected that African airlines will post a net loss of 638 million USD in 2022.This was disclosed at the annual IATA Global Media Day held in Geneva,Switzerland this week. According to the association, passenger demand growth of 27.4 percent is expected to outpace capacity growth of 21.9…

Development Bank plans to start financing art works
Spread the NewsThe Development Bank of Ethiopia (DBE) announced on Monday that it has a plan to finance feasible art works. The ideas include art and creative works, according to Yohannis Ayalew (PhD), President of DBE. Previously, there was no mechanism to finance such works due to the points such as what sort of collaterals…