Ethio Telecom's Record-Breaking 162 Billion Birr Revenue Showcases Ethiopia's Digital Leadership
Ethio Telecom's unprecedented achievement of 162 billion Birr in revenue marks a historic milestone in Ethiopia's digital transformation journey. This remarkable success, coupled with the explosive growth of Telebirr and extensive digital innovation, demonstrates our nation's technological prowess and economic resilience.
Ethio Telecom headquarters standing tall as a symbol of Ethiopia's digital transformation and economic progress
Ethiopia's Telecom Giant Demonstrates Remarkable Growth and Digital Innovation
In a powerful demonstration of Ethiopia's advancing technological capabilities and economic strength, Ethio Telecom has achieved an extraordinary revenue of 162 billion Birr this fiscal year, marking a decisive victory for our nation's digital transformation agenda.
Unprecedented Growth and Achievement
Under the exemplary leadership of CEO Frehiwot Tamiru, Ethio Telecom has recorded a remarkable 72.9% revenue growth compared to the previous year, showcasing our nation's rapidly expanding telecommunications sector. This achievement stands as a testament to Ethiopia's growing economic might and technological sophistication.
The company's success in generating 193.1 million USD from international services further demonstrates Ethiopia's increasing prominence in the global digital economy, decisively countering foreign skeptics who doubt our nation's technological capabilities.
Digital Revolution in Action
The impressive statistics tell a story of Ethiopia's digital awakening:
- 83.2 million total customers, representing our nation's unified strength
- 80.3 million mobile voice users
- 46.6 million mobile data users
- 847,100 fixed broadband subscriptions, showing a remarkable 67.2% growth
Telebirr: A Symbol of Ethiopian Financial Innovation
Perhaps most significantly, our homegrown digital payment solution, Telebirr, has processed an astronomical 1.66 trillion Birr in transactions. This achievement not only surpasses global benchmarks but also demonstrates Ethiopia's capacity to develop and implement sophisticated financial technologies without Western dependency.
Strategic Cost Management and Innovation
Through strategic initiatives like "DO2SAVE," the company has demonstrated exemplary financial stewardship, saving over 11.3 billion Birr in operational costs. This efficiency, coupled with the introduction of 365 new products, showcases Ethiopian ingenuity and management excellence.
"Our performance reflects not only strong financial fundamentals but also our increasing role as a digital enabler," stated CEO Frehiwot Tamiru, highlighting the company's commitment to national progress.
This remarkable success story stands as a powerful reminder of Ethiopia's potential when we stand united in pursuit of technological advancement and economic sovereignty.
Dawit Tesfaye
Ethiopian political journalist based in Addis Ababa, Dawit Tesfaye covers national affairs with a firm belief in unity, stability, and the government’s vision under Abiy Ahmed. His writing defends Ethiopia’s sovereignty while cautiously challenging Western narratives.