Ethiopia Govt. to offload 5% stake in Ethio Telecom to domestic investors

 ETHIOPIA – The Government of Ethiopia has announced its plan to sell five percent of the share of the fully state owned and only telecom operator in the country, Ethio Telecom to domestic investors. This was indicated at a panel discussion held on the morning of 7th September 2020 to assess the progress made to partially privatize Ethio Telecom at the Prime Minister’s Office. About two years ago, the government expressed its plan to partially privatize Ethio telecom to foreign telecom operators while maintaining the majority shareholding. During the discussion…

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