Friday, September 29, 2023
  • Login
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Business

Ethiopia’s Ethio Telecom says revenues jumped 31%

by SAT Reporter
July 30, 2020
in Business, Eastern Africa, Ethiopia, Just In
0
Ethiopia’s Ethio Telecom says revenues jumped 31%
0
VIEWS

ADDIS ABABA July 31 (The Southern African Times) – State monopoly Ethio Telecom, expected to be partly sold off as Ethiopia liberalises its economy, saw a 31.4% rise in revenues in the 12 months to end-June, versus a year earlier, the firm’s chief executive Frehiwot Tamiru said on Thursday. 

Ethiopia has said it plans to sell 40 percent of shares in Ethio Telecom, with the government retaining a majority stake.

Speaking at a news conference, Frehiwot attributed the jump in revenues to 47.7 billion birr ($1.37 billion) for the financial year ended June to an expansion of the network and more customers. 

The liberalisation of the telecoms sector, which serves a population of 110 million, is part of wider economic reforms launched by Prime Minister Abiy Ahmed and would open up one of Africa’s last remaining state-controlled telecoms markets. 

Previous Post

UK pension scheme NEST tightens climate change policy

Next Post

Kenya central bank still retains tools to limit damage to the economy – governor says

SAT Reporter

Related Posts

Angola Introduces 2023-2027 Development Plan with 3% Growth Target
Business

Angola Introduces 2023-2027 Development Plan with 3% Growth Target

by SAT Reporter
September 29, 2023
Tanzania Extends Welcome to Chinese Investors to Fuel Industrialisation Drive
Business

Tanzania Extends Welcome to Chinese Investors to Fuel Industrialisation Drive

by SAT Reporter
September 27, 2023
Avian Flu Ravages South Africa’s Poultry Industry, Threatening Soaring Costs
Business

Avian Flu Ravages South Africa’s Poultry Industry, Threatening Soaring Costs

by SAT Reporter
September 27, 2023
Zambian Neobank Lupiya Secures $8.25 Million in Series A Funding to Drive Financial Inclusion in Africa
Business

Zambian Neobank Lupiya Secures $8.25 Million in Series A Funding to Drive Financial Inclusion in Africa

by SAT Reporter
September 19, 2023
Ethiopian Coffee’s Percolating Success: Brewing a Rich Partnership with China
Ethiopia

Ethiopian Coffee’s Percolating Success: Brewing a Rich Partnership with China

by SAT Reporter
September 19, 2023
Next Post
Kenya central bank still retains tools to limit damage to the economy – governor says

Kenya central bank still retains tools to limit damage to the economy - governor says

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • All News
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • CRYPTOCURRENCY
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Economy
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • GABON
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Niger
  • niger
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Opinion
  • Politics
  • Property
  • Racism
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sudan
  • Sustainablity
  • Tanzania
  • Technology
  • Telecommunications
  • The Power Of She
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments african markets African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist