TechpointDigest brings you a heated debate on tech company Ethio's ambitious bet that has the entire industry on high alert. With surging competition rearing its head, Ethio Telecom has decided to take a massive leap forward and increase their annual revenue by a whopping 75%.
This may seem like wishful thinking to somes, but what most people fail to understand is that Ethio Telecom has been secretly cooking up the right ingredients for a whole year in preparation for this exact moment. With the surge in Africa's demand for mobile and internet services, Ethio Telecom has pinpointed the potential goldmine that few other local telcos have ventured into.
The latest innovation that comes to mind is Google's Umoja for Chromebooks, a function that enables seamless printing with Linux-based printers. A simple gesture by all means, but a great leap for ease in the African workplace.
And if that wasn't all, a Spanish-based fintech company named PayRetailers has just extended its services to 8 key cities in Africa, essentially changing the very way most people send money to one another by leveraging the benefits of the digital economy.
This leads us to a very intriguing and multifaceted question: Who is next to benefit from the dynamic African economy? With Google expanding its operations through the continent, Ethio making record-shattering revenue growth bets, and global businesses expanding their services for e-commerce through PayRetailers' partnerships with local players.