12 °c
London
Saturday, September 23, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Telecom

Ethiopia announce tender process to sell 40% of Ethio Telecom

TechGist Africa by TechGist Africa
June 22, 2021
in Africa, Ethiopia, Mobile, Telecom, Tender
Reading Time: 1 min read
837 8
0
Foreign banks in Ethiopia: The thin line in between strategy and law
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Ethiopia has opened a tendering process to sell a 40% stake in state-owned carrier Ethio Telecom to private investors, as part of the government’s broader goal to open up the horn of Africa country’s economy.

Ethiopia is aiming to license private operators to compete with Ethio Telecom as part of a broader opening up of the sector.

The first commercial operator license was awarded last month to a consortium led by Kenya’s Safaricom Vodafone and Japan’s Sumitomo.

However, the 40 percent would be sold as a single investment to a single investor, according to Brook Taye, senior advisor at the finance ministry.

Zinabu Yirga, Deputy Director of the Public Enterprises Holding and Administration Agency, told a press conference in Addis Ababa that interested investors can now submit so-called expressions of interest (EOI), the first of a number of processes that would lead to the selection of a winning bidder.

“The government wants state-owned industries to be competitive and productive,” Zinabu explained, explaining why the government is selling a portion of Ethio Telecom to private companies.

Also read: Ethiopia: moving towards Ethio Telecom liberalisation

Related

Via: Tech Gist Africa
Tags: Brook TayeEthio telecomEthio Telecom liberalisationEthiopiaEthiopia announce tender process to sell 40% of Ethio TelecomPublic Enterprises Holding and Administration Agencypublic tenderSafaricomSumitomoTech Gist Africatelecom operator licenseVodafoneZinabu Yirgaэфиопияأثيوبياエチオピア埃塞俄比亚
ScanSendShare338Tweet211Share59Pin77Send
TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

Related Posts

Weekend

Top 5 islands in Kenya you must visit

by See Africa Today
September 23, 2023
Weekend

6 stunning beaches in Egypt to visit in 2023

by See Africa Today
September 23, 2023
The Forbes Billionaires’ list: Africa’s richest people 2022
Development

Opportunity through adversity: 8th annual Africa risk-reward index

by Rafael Carvalho
September 23, 2023
Tech

Elon Musk’s Starlink is off to a bright start in Africa

by The Exchange
September 22, 2023
Africa

Nigeria’s smart city dream gets US$200M boost from Afreximbank

by The Exchange
September 22, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

Weekend

Top 5 islands in Kenya you must visit

by See Africa Today
September 23, 2023
0

Kenya is a small paradise teeming with beautiful landscapes, rich culture and breathtaking sceneries, not forgetting some of the best...

Read more

6 stunning beaches in Egypt to visit in 2023

September 23, 2023
The Forbes Billionaires’ list: Africa’s richest people 2022

Opportunity through adversity: 8th annual Africa risk-reward index

September 23, 2023

Elon Musk’s Starlink is off to a bright start in Africa

September 22, 2023

Nigeria’s smart city dream gets US$200M boost from Afreximbank

September 22, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.3K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?