Search

Ethio Telecom Targets 83 Million Users with $1.41 Billion Investment in Expansion

Allen dreyfus Logo
© Allen Dreyfus
  • Ambitious plan to expand telecom infrastructure includes new mobile sites, 4G and 5G network coverage, and affordable devices for low-income communities
  • Analysts warn political instability in some regions could hinder Ethio Telecom’s expansion efforts

Addis Ababa, Ethiopia – Ethio Telecom plans to invest approximately $1.41 billion in expanding its services to reach 83 million users in the fiscal year 2024/25, according to Chief Executive Officer (CEO) Frehiwot Tamiru. “Our mission is to make digital Ethiopia a reality, transcending connectivity to provide comprehensive solutions that drive national development,” Frehiwot said during a recent media briefing on the company’s expansion strategy.

Recent Business

Ahmed Shide, Ethiopia's Minister of Finance and Mme Eléonore Caroit, the French Minister for Europe and Foreign Affairs. Photo @ Ministry of Finance-Ethiopia.
Ethiopia seals landmark debt restructuring and €81.5mn French support
Read More »
Gold bars. Photo by Zlaťáky @ Unsplash
Africa’s collateral economy: How gold, cocoa and copper are reshaping frontier bonds
Read More »
Street market in Kaduna, Nigeria. Photo @Pexels
WAEMU sovereign borrowing shifts to longer-term bonds as issuance doubles
Read More »

Recent Politics

Herdsmen in Ethiopia. Photo by Hanna Grace @ Unsplash
Ethiopia accuses Eritrea of territorial occupation, demands troop withdrawal
Read More »
Kenya youth protest @ Unsplash
Kenya church attack on ex–deputy president exposes security rifts
Read More »
Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
Read More »

Latest Posts

Latest news insights