Ethiopia 45% of telecoms company Ethio to be sold off, despite conflict in the north
Foreign investors are queuing up to invest in Ethiopia’s telecoms sector, which will soon bid adieu to the state monopoly. However, the rules of the road are not yet clear, and conflict in the north may put things on hold.
The privatisation of the Ethiopian state’s monopoly on the telecoms sector – the last on the continent – is crucial to Prime Minister Abiy Ahmed’s liberalisation agenda and to attracting foreign investment as the country opens up. The government is preparing to sell a 45% stake in Ethio Telecom to investors and to issue two new telecoms licences, even as the current war against the Tigray region continues.