Ethiopia launches tender to sell 40% of Ethiopia’s shares

File photo: After purchasing the service from Ethiopia Telecom store in Addis Ababa, Ethiopia on November 12, 2019, the customer has a 3G prepaid SIM card. REUTERS / Tiksa Negeri / File Photo

June 14, 2021

Addis Ababa (Reuters) – Ethiopia on Monday proposed to sell 40% of state-owned airline Ethiotelecom to retail investors as part of the government’s broader plans to open up the Horn of Africa economy. ..

Interested investors can now submit Declarations of Interest (EOI). This is the first step in a series of steps leading to the selection of the successful tenderer. Addis Ababa.

“The government wants public enterprises to be competitive and productive,” said Ginab, explaining the authorities’ motivation to sell some of Ethiopia’s public telecommunications to private operators.

As part of the wider opening up of the sector, Ethiopia is also preparing to license private sector operators to compete with Ethiopia Telecom.

Authorities last month handed out the first private commercial license to a consortium led by Safaricom, Vodafone in Kenya and Sumitomo in Japan.

Ethiopia’s telecommunications sector, with a population of over 100 million and one of the region’s largest economies, is considered highly profitable and is expected to attract significant investor interest.

Brooke Tay, senior Treasury adviser, said 40% would be sold to a single investor as a single stake.

(Written by Elias Biryabarema, edited by Louise Heavens and Emeria Sithole-Matarise)

Ethiopia launches tender to sell 40% of Ethiopia’s shares

Source link Ethiopia launches tender to sell 40% of Ethiopia’s shares

Source link

Previous Electricity privatization: HC says to suspend order on tendering process | Chandigarh News
Next Castor Maritime Inc. Announces Compliance with Nasdaq Minimum Bid Price Requirement

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *