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.

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.

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Ethiopia has positioned digital money transfers as a key pillar for universal prosperity, with the Telebirr app reaching 58 million users in three years.

Prime Minister Abiy Ahmed said more than 1.4 million foreign tourists visited Ethiopia in the 2018 budget year. The figure exceeds the previous year by over 100,000.

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Ahadu Bank announced its 2025/26 fiscal year results with a gross profit of ETB 1.15 billion. This marks a 94.2 percent rise from the prior year. Total income reached ETB 3.2 billion.

The Ethiopian Securities Exchange recorded its first weekly equity trading volume above 1 billion birr during the period from June 15 to 19, 2026.

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The Ethiopian Electric Utility has signed a 3 billion Birr contract with two international firms to upgrade power networks in Ambo, Nekemte and Asosa.

 

 

 

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