Technology Archives - Ethio Negari

31 Mar

Huawei earns more than $5 billion net profit in 2022

ethionegari@gmail.com0 CommentsBusiness, News, TechnologyAddisAbaba, Annualprofit, China, EthioNegari, Ethiopia, Huawei, Netprofit, Technology

One of the world telecom company, Huawei rose its total assets to $145 billion. Huawei released its 2022 Annual Report form it's headquarter Shenzhen, China. The company reports steady operations throughout 2022, having generated $93 billion in revenue and $5.2 billion in net profits. Huawei continues to strengthen investment in R&D, with an annual expenditure of $23 billion in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years. "In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei's operations", said Eric Xu, Huawei's Rotating…

Ethiopia to sell 45% of Ethio Telecom Share

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Bids, EthioNegari, Ethiopia, EthioTelecom, Safaricom, Safaricomethiopia, Technology, Telecom

The Ethiopian government announced on Thursday the sale of 45% of the capital of the public operator Ethio Telecom, which lost its monopoly in 2022, a figure up from the 40% sale announced in November. "The Ethiopian government is proposing a partial privatization of Ethio Telecom (...) by selling up to 45% of its capital," the Ministry of Finance announced in a statement, citing the company's "solid financial performance". In November, the same ministry had announced the "sale of shares constituting 40% of the capital of the company. Launched in June 2021, the partial privatization of Ethio Telecom, a 100%…

Ethio Telecom Launches Its Ethiotel Innovation Program.

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, DigitalEthiopia, EthioNegari, Ethiopia, EthioTelecom, Huawei, newtechnology, Startups, Technology

Ethio Telecom Launches Its Ethiotel Innovation Program. Addis Ababa, Ethio Negari, 7 February 2023 Ethio Telecom launched the Ethiotel Innovation Program in collaboration with Huawei Ethiopia to empower the nation’s technology-based startups. The program would empower and support the nation’s startup digital finance and technological businesses and innovators far beyond its all-around efforts to expand and modernize services. At the launch ceremony, Ethio Telecom CEO Frehiwot Tamiru stated that it is a golden opportunity for startups to accelerate the country's aspiration of realizing digital Ethiopia. She also stressed that the program will have paramount national significance in empowering and supporting…