Ethiopia: Ethio Telecom to Become First Company Listed On New Stock Exchange

  • 📰 allafrica
  • ⏱ Reading Time:
  • 22 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 99%

Africa News

Ethiopia: Ethio Telecom to Become First Company Listed On New Stock Exchange
News,Politics,Economy

Ethio Telecom to be the first company to list on Ethiopia's new stock market, selling a 10% stake as part of privatization efforts led by Prime Minister Abiy Ahmed.

Ethio Telecom to be the first company to list on Ethiopia's new stock market, selling a 10% stake as part of privatization efforts led by Prime Minister Abiy Ahmed.

Safaricom, a consortium led by Kenya's telecom giant, now challenges Ethio Telecom's dominance in Ethiopia's telecom sector serving a population of approximately 120 million. Ethiopia's telecom sector, serving a population of about 120 million, was long dominated by Ethio Telecom until Safaricom, a consortium led by Kenya's telecom giant, won the country's first private telecom license in 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

allafrica /  🏆 1. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines