France’s Telecom Giant Orange Withdraws from Ethio Telecom Sale Process: Reuters

France’s telecom giant Orange has opted to withdraw from the bidding process to acquire a potential 45% stake in Ethio

M-PESA Transacts $287 Million in Three Months Since Launch in Ethiopia

Safaricom announced today its M-PESA services in Ethiopia have transacted $287 million (16 billion birr) within three months of its

Ethio Telecom Awards Contract to Modernize Satellite Network

Gilat Satellite Networks, a global provider of satellite networking technology, has announced that it has secured a contract to revamp

Safaricom Ethiopia Launches M-PESA

Safaricom has launched its mobile money platform, M-PESA, in Ethiopia. With M-PESA, customers can send money, make merchant and bill

Despite Liberalization, Ethio Telecom Remains “Cash Cow”

Ethiopia’s former ruling party often referred to the country’s telecom sector and Ethio Telecom as a “cash cow.” The late

Safaricom Ethiopia Secures $157.4M Investment from IFC

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has announced an equity investment of

Ethio Telecom Makes Telebirr Data-Free

Ethio Telecom has now implemented a zero-rating policy for its popular mobile money platform, telebirr, allowing users to access key

Safaricom to Invest Over $300 Million in Ethiopia Operations in First Year of M-Pesa Rollout

Safaricom has announced its plans to invest $300 to $350 million in its Ethiopia operations for the financial year 2024