Issue 143: Telecom Titan & Passport Delivery

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It's a new week, and we've got a jam-packed roundup for you. Ethio Telecom has exceeded expectations, while difficulties still linger around the EV transformation. Passport delivery service is on its way too.

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Ethio Telecom has just wrapped up its 2023/24 fiscal year, surpassing all its targets. Revenue surged by 20% to 93.7 billion birr ($1.63 billion), and profit grew by 21% to 21 billion birr. Total subscribers increased by 9% to 78.3 million, and subscribers to Telebirr grew from 34.3 million to 47.55 million. Read More.

Aiming to create a connected, user-centered, and data-driven government, Ethiopia is gearing up to make e-government applications interoperable. Read More.

The Ethiopian Investment Commission has appealed the prohibition of fuel-powered vehicles from entering the country, based solely on “directions given from the top” without any legal provisions. The commission has added that the decision is disrupting investors in various sectors and affecting foreign investments. Read More.

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Ethiopia’s Immigration and Citizenship Service has announced the launch of a door-to-door passport delivery service for VIP customers, set to begin in September 2024. Read More.

In an effort to cater to its customers around the clock, Zmall Delivery has extended its operations until midnight. Read More.

Until a new grid retail tariff is established, electric vehicle charging stations will be charged the same rate as industries with low electric consumption. Read more.

After securing a half-billion-birr portfolio guarantee from FMO, the Dutch Entrepreneurial Development Bank, the Cooperative Bank of Oromia is deploying at least 1.7 billion birr in collateral-free loans for MSMEs in Ethiopia. Read More.

According to The Reporter, the state-owned telecom is being restructured into a share company to implement the government's decision to sell ten percent of the company’s shares. Read More.

Seqela, a digital peer-to-peer saving platform, has launched its service in Tigray. Founded by Samrawit Gebre-Egziabher, Seqela’s equb platform introduces a new feature to the consumer fintech sector, allowing equb payouts to be converted into in-kind purchases. Read More.