The state telecom giant aims at amassing 10 million new subscribers to its mobile money platform, Telebirr, for the 2023/24 Ethiopian fiscal year.
Closing the just ending fiscal year with 34.3 million subscribers, ethio telecom’s CEO Firehiwot Tamiru said she looks forward to 28 percent increment in the customer base, to reach 44.1 subscribers at the end of the newly starting fiscal year.
Firehiwot is presenting her office’s plan for 2023/24 FY today at the Skylight Hotel, where she said ethio telecom’s revenue from all its services will also increase by over 19 percent to 90.5 billion birr. The telco’s total revenue for the ended fiscal year announced last week was 75.8 billion birr.
Increasing by 50 percent, 88,000 merchants are planned to use Telebirr while 124,000 agents are planned to be enrolled.