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
- Afreximbank launches $3 billion revolving facility for oil players
- Four Kenyans wanted by Nigerian authorities for CBEX hack
- IMF tough rules for Kenya’s new loan
- ARC Ltd and Klapton Re join forces to expand climate insurance across Africa
- Investors snub Ethio Telecom’s IPO, taking only 10.7 percent of shares offered
- Ruto bags $823 million in China
- Kenya’s KCB, Equity Bank to sell 30 percent stake in Congo subsidiaries
- Breaking: U.S cancels Kenya tour, after Ruto visit to China