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Ethio Telecom posts H1 growth in revenue, financial service subscribers

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Ethio Telecom posts H1 growth in revenue, financial service subscribers

ADDIS ABABA, Jan 12 (Reuters) – Ethiopia’s state-owned Ethio Telecom on Thursday reported a 20% rise in half-year income to 33.8 billion birr ($633 million).

Subscribers to its cell phone-based monetary service Telebirr, launched in Might 2021, grew to 27.2 million out of its 70 million complete subscribers, CEO Frehiwot Tamiru informed a information convention.

That was up from 21.8 million Telebirr subscribers in June 2022.

Rival Safaricom Ethiopia launched industrial cell community companies in October and now covers not less than 21 cities throughout the nation.

Ethiopia’s telecoms trade was thought-about the massive prize in Prime Minister Abiy Ahmed’s push to liberalise the economic system after he took over in 2018, as a result of its massive inhabitants of 110 million.

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Efforts to draw funding have been hampered, nevertheless, by a two-year struggle within the northern Tigray area, which has killed tens of hundreds and displaced thousands and thousands.

In November, the federal authorities and the Tigray Individuals’s Liberation Entrance (TPLF), a guerrilla force-turned-political occasion which dominates the area, agreed to cease preventing following African Union-mediated talks.

Additionally in November, the federal government revived a course of to promote a 40% stake in Ethio Telecom and a separate plan to difficulty a second full telecoms licence.

($1 = 53.3974 birr)

Reporting by Dawit Endeshaw; Writing by George Obulutsa; enhancing by Alexander Successful and Jason Neely

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Financial Advisor James Thatcher of Bright Lake Wealth Management Shares Insights as Retirement Income Planning Expert in HelloNation

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Financial Advisor James Thatcher of Bright Lake Wealth Management Shares Insights as Retirement Income Planning Expert in HelloNation

ROSEVILLE, Calif., June 26, 2025 (GLOBE NEWSWIRE) — How do I create a retirement income plan in Roseville? This is a common question for individuals approaching retirement, and James Thatcher of Bright Lake Wealth Management offers practical guidance in HelloNation. His expert contribution underscores the importance of analyzing income sources such as Social Security, pension plans, and tax-deferred savings to build a resilient financial framework for retirement. The article emphasizes that consistent cash flow hinges on early budgeting and integrating all revenue streams.

Thatcher details how forecasting monthly expenses, from essentials like housing and healthcare to discretionary spending, enables retirees to calculate income needs with greater accuracy. His insights clarify how the timing of Social Security benefit claims can significantly affect payout totals, and he highlights the importance of coordinating benefit elections with spousal considerations. Thatcher also advises reviewing pension plans carefully and planning for required minimum distributions from retirement accounts, noting that tax efficiency plays a critical role in long-term wealth preservation.

Thatcher further explores the use of supplemental income tools, such as annuities, while cautioning readers to examine associated costs and alignment with personal goals. His guidance on asset allocation during retirement supports maintaining both stability and growth, advocating for routine portfolio reviews to match evolving financial needs.

The article, Understanding Retirement Income Planning, presents Thatcher’s comprehensive approach to retirement, encouraging Roseville residents to adopt a structured and informed strategy for sustained financial health.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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Patrick McCabe
info@hellonation.com
www.hellonation.com

Financial Advisor James Thatcher of Bright Lake Wealth Management Shares Insights as Retirement Income Planning Expert in HelloNation

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a533c14d-57bf-40b3-9b8f-5a34c69b66c3

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Envestnet to Sell Open Finance Subsidiary Yodlee to STG | PYMNTS.com

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Envestnet to Sell Open Finance Subsidiary Yodlee to STG | PYMNTS.com

Wealth technology provider Envestnet plans to sell its open finance and data analytics subsidiary, Yodlee, to private equity firm STG.

The transaction is expected to close in the third quarter, subject to customary closing conditions, the companies said in a Wednesday (June 25) press release.

STG is focused on investing in innovative software, data and analytics firms, and Yodlee will join STG’s global technology portfolio that includes RSATrellix and SurveyMonkey, according to the release.

Marc Bala, managing director at STG, said in the release that the new partnership will accelerate Yodlee’s investment in “product innovation, customer success and long-term growth.”

With the help of STG’s transformation experience, Yodlee will focus on innovation in technologies and enhanced solutions for the financial sector, per the release.

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“Yodlee sits at the intersection of trusted data access and intelligent analytics,” Bala said. “It has built deep integrations across the financial ecosystem and earned the confidence of the world’s leading banks, asset managers and wealth platforms.”

For Envestnet, the transaction will allow it to focus on its core offerings, including its wealth management platform, Envestnet CEO Chris Todd said in the release.

“Through our continued partnership with Yodlee, advisors will retain access to Yodlee data aggregation technology that helps power their business,” Todd said.

Envestnet became a private company in November when it closed its acquisition by affiliates of vehicles managed or advised by Bain Capital in a deal worth about $4.5 billion.

The company said at the time that the move paved the way for “accelerated growth” and that it had $6.5 trillion in platform assets, more than 20 million accounts and served more than 111,000 financial advisors.

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Todd said in May that Envestnet was enhancing its wealth management solutions by continuing to invest in tax intelligence, trading flexibility, client engagement and advisor productivity.

“We have the infrastructure to continue to lean in and develop the products and solutions advisors need to be quicker and more agile as their business models change,” Todd said.

Envestnet acquired Yodlee in 2015 in a cash and stock transaction that represented a fully diluted equity value of about $660 million.

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Wendy Alexander 'was asked to leave' Dundee uni role claim over finance questions

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Wendy Alexander 'was asked to leave' Dundee uni role claim over finance questions
PA A woman with short dark hair and a dotted top speaks into a microphone PA

Baroness Alexander was vice principal international at the university for almost a decade

Former MSP Wendy Alexander claims she was asked to leave her senior post at Dundee University after asking “uncomfortable” questions about the institution’s finances, MSPs have been told.

Alexander was the university’s vice principal international for almost a decade but retired last year rather than accept what she said was the offer of a “package and trips.”

She said “cakeism, profligacy and hubris at the very top” led to “a failure to reign in expenditure” and that she “chose not to be bought off”.

She said former principal Prof Iain Gillespie, who was heavily criticised in a recent damning report into the university’s finances, “made clear” he wanted her to leave last October.

University of Dundee Prof Iain Gillespie in a blue suit and brown tie and wearing glasses, leans on a wall outside a university buildingUniversity of Dundee

Prof Iain Gillespie resigned as Dundee University principal in December last year

Alexander’s comments were made in a statement submitted to Holyrood’s education committee.

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Gillespie resigned with immediate effect in December after telling staff the previous month that job losses were “inevitable”.

He is expected to give evidence in person at the committee on Thursday.

The university currently faces a £35m deficit and has said it must cut 300 jobs through a voluntary redundancy scheme.

The independent report, published last week, said university bosses and its governing body failed multiple times to identify the worsening crisis and continued to overspend instead of taking action.

In her statement, former Labour MSP Alexander said: “I personally, was progressively frozen out of meetings, my objectives changed, data withheld and when I challenged the absence/adequacy of financial information in Sept (20)24, I was then asked to leave.

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“I declined the offer of overseas trips at the university’s expense to be followed by a generous settlement payment.

“Quite simply, it seemed unethical and morally wrong.”

Alexander, who now sits as a baroness at the House of Lords, said she felt “punished for speaking out” and that the university “failed to fix the roof when the sun shone”.

She said international fee income had quadrupled over eight years to 2023, but the university was “barely breaking even”.

She said that international income plateaued in 2023/24 and fell the following year.

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Alexander said there was a “misguided” shift away from a “laser-like focus on international student recruitment to a new globalisation strategy”.

She added that the university “deprioritised international student recruitment when it mattered most” and left the university “poorly equipped to deal with the downturn”.

The education committee is currently hearing evidence from the university’s former director of finance Peter Fotheringham, former chief operating officer Dr Jim McGeorge, and former chair of court Amanda Millar.

Alexander submitted her evidence rather than appearing in person due to a prior family event abroad.

It was announced on Tuesday that the university will receive an extra £40m from the Scottish government as the institution continues to tackle its financial crisis.

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Education Secretary Jenny Gilruth said the decision would place specific conditions on the funding which will be paid over two academic years.

The university received £22m from the Scottish Funding Council in February as part of funding to support universities facing financial challenges.

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