Addis Ababa, May 9, 2025 (ENA) --- Pakistan and Ethiopia are forging stronger bilateral ties through increased collaboration in key sectors such as aviation, trade, education, and information technology. Atif Sharif Mian, Pakistan’s Ambassador to Ethiopia …
Addis Ababa, May 9, 2025 (ENA) --- The engagement of private sector could play a critical role for Ethiopia’s optimum gains from the African Continental Free Trade Area (AfCFTA), according to Ministry of Trade and Regional Integration. State Minister …
This proposed change that will now enable foreigners to own properties in the country is part of the Ethiopian government’s broader efforts to attract foreign direct investment (FDI) and strengthen property rights. Since Prime Minister Abiy Ahmed came to …
Safaricom’s net profit rose 11% to $540 million in FY2024, driven by Kenya’s strong performance and reduced losses in Ethiopia. Ethiopian operations’ losses decreased by over 50%, contributing nearly 10% to group revenue. Group revenue reached a record $3 …
NAIROBI - Kenyan telecoms firm Safaricom said on Friday that its earnings could surge as much as 50% this financial year as it projected that losses in key expansion market Ethiopia would fall steeply. Safaricom, partly owned by South Africa's Vodacom …
File photo for representational purposes only. Addis Ababa: The Ethiopian government has announced efforts to plant five million seedlings of indigenous species during the upcoming national tree planting campaign to conserve its unique biodiversity …
Safaricom PLC has announced a landmark achievement, becoming the first company in East Africa to surpass $3 billion (KES 388.7 billion) in annual revenue for the fiscal year ending March 31, 2025. This 11.2% year-on-year growth underscores the company’s …
NAIROBI, May 9 (Reuters) - Kenyan telecoms firm Safaricom on Friday reported full-year earnings before interest and taxes (EBIT) of 104.1 billion Kenyan shillings ($807 million), higher than its guidance. In November the company guided that group EBIT …
Safaricom CEO Dr. Peter Ndegwa. PHOTO| COURTESY Technology company Safaricom PLC has reported an 11.2% increase in total revenue, reaching Ksh.388.7 billion for the financial year ending 31st March 2025, up from Ksh.349.4 billion in the previous year. The …
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