Ethiopia discussing selling 10% stake in Ethio Telecom via stock exchange, PM Abiy says

Ethiopia’s government is discussing selling 10% of state-owned telecoms company Ethio Telecom via a local stock exchange that is being launched this year, Prime Minister Abiy Ahmed said on Tuesday.

Ethiopia’s telecoms industry, serving a population of about 120 million, was considered a big prize when Abiy took over in 2018 and promised to liberalise the economy.

But recurring security problems, legislative changes and concern about the government’s commitment to opening up the tightly controlled economy have since deterred investors.