Ethio Telecom’s IPO Left Hanging with Just 10.7% of Shares Sold

Six months after launching Ethiopia’s first IPO, Ethio Telecom sold just over 10.7 million of its 100 million shares, raising 3.2 billion birr from over 47,377 investors.

MultiChoice Partners with Ethio Telecom to Offer Bundled Streaming Packages

Premier League matches, one of DStv’s biggest viewership drivers, will be available for a monthly fee of 1,750 birr, paired with a 7 Mbps fixed broadband connection.

Ethio Telecom Launches EV Charging Stations in Addis Ababa

Charging costs are set at 10 birr per kilowatt-hour (kWh), and the service is unlocked by scanning the QR code on the charging ports.

Nyala Insurance Becomes First Ethiopian Insurer to Integrate M-Pesa

Nyala Insurance and Safaricom have entered into a partnership that allows users to make premium payments, renew policies, and conduct other insurance-related transactions through M-PESA.

Ethio Telecom Faces Tough Parliamentary Queries

At just three years old, telebirr has facilitated 1.3 billion transactions amounting to close to 3.3 trillion birr.

Affordability is Biggest Barrier to Mobile Internet Adoption in Ethiopia: Report

Ethiopia’s duopolistic telecom market could soon welcome a third operator.

Safaricom Ethiopia to Launch Device Financing Service

Safaricom is also exploring a project called 'Wealth,' which aims to periodically collect savings linked to an interest-bearing financial product.

Historic Milestone Sees Ethio Telecom Unveil 100 Million Shares

In a historic milestone for Ethiopia's capital market, Ethio Telecom has launched the country's first initial public offering (IPO), unveiling 100 million shares to the public.