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Ethio Telecom Earns 47.7 bln br revenue for 2020 / 2019 f.y

The national telecom company, Ethio Telecom, has generated 47.7 billion birr revenue in the 2019-2020 fiscal year that ended June30, 2020. The revenue jumped by 31.4 percent compared to last year. Ethio Telecom, which is preparing itself for competition, has achieved 105.1 percent of its target. Forty nine percent of the revenue was generated from mobile services, 29 percent from data and internet, nine percent from international business, 9.4 percent from value added services and 3.6 from other services.

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Awash Bank Introduces New and Improved Employee Salary Scale

Awash Bank has introduced a new scale adjustment on salaries and gave a bonus to employees after registering its highest gross profit of 4.2 billion Br in the just ended fiscal year. The new adjustment, which was made after conducting market assessment research, increased the salaries of some employees by as high as 170pc and the average employee 103pc.

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