Ethio Telecom earns 215.8 billion birr revenue

Ethio Telecom obtained 215.8 billion birr in revenue for the 2018 budget year. This met 99.7 percent of the target and showed 33.2 percent growth compared to the previous year.

Addis Ababa, July 23, 2026. Ethio Telecom chief executive Frehiwot Tamru provided a briefing today on the company's performance for the completed 2018 budget year.

She explained that the firm expanded its revenue sources and completed numerous tasks during the year.

The revenue achieved 99.7 percent of the plan. It also marked 33.2 percent growth compared to the prior year.

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Photorealistic scene of Addis Ababa council meeting with mayor presenting budget approval and unanimous vote.
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Addis Ababa council approves appointments and 9.94 billion birr budget

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The Addis Ababa City Council on 30 Miyazia 2018 approved appointments presented by Mayor Adanech Abiebe and an additional budget of 9.94 billion birr in a unanimous vote during its regular session.

Ethio Telecom closed the first year of its Next Horizon roadmap with strong revenue and subscriber growth.

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The Ethiopian Customs Commission collected 600 billion 233 million birr over the past 10 months of the budget year. Commissioner Dr. Debele Qabeta stated that this represents 100.2 percent of the target.

Ethio Telecom has launched a trading system on the Ethiopian Securities Exchange allowing verified shareholders to buy sell and transfer shares. The move follows nearly 11 months of preparation after the company offered 10 percent of shares to the public. Trading began on 26 May 2026.

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The Addis Ababa City Administration cabinet has approved a draft budget of 502.27 billion birr for the 2026/27 fiscal year and sent it to the City Council. The proposal marks a 43.45 percent increase from the previous year's 350.13 billion birr budget.

Finance Minister Ahmed Shide reported to parliament that the 1.93 trillion birr federal budget is under pressure from delayed external aid. He addressed lawmakers on May 4, 2026, noting that domestic borrowing has risen faster than planned. The session took place without private media present.

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The Oromia Chaffe approved the region's 2019 budget of 704 billion Birr during its 11th regular session in Adama.

 

 

 

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