#Ethiopia: Ethio Telecom faces challenges amidst 11.05 billion birr profit in first half of fiscal year Ethio Telecom, the leading telecommunications provider in Ethiopia, has announced a substantial 11.05 billion birr profit for the initial six months of the fiscal year. However, challenges highlighted by Frehiwot Tamiru, Ethio Telecom's CEO, during the 6-month performance report presentation—such as a shortage of foreign currency impacting project implementation, disruptions caused by inflatio

Ethiopian state-owned telecom giant EthioTel saw its 2024 half-year revenue rise by over 40 percent, reaching 491.57 million U.S. dollars. The company's profit before tax surged by more than 60 percent during the period. | CGTN Africa