Business Maverick: Ethiopia Could Sell Majority Stake in State Telecom Monopoly

“We have a monopoly. That’s our problem,” he said. Privatizing Ethio Telecom will improve service quality, increase choice for customers and spur investment as the country’s population of 100 million grows, according to Balcha.

International carriers including Orange SA, MTN Group Ltd. and Vodafone Group Plc’s African unit are among companies that are interested in expanding in Ethiopia, seen as the last major market on the continent closed to independent operators. They are keen to tap a nation with a relatively low level of data penetration and internet access, as well as the second-highest population in Africa — though one that’s been prone to government-imposed internet blackouts.

Yinager Dessie, governor of the National Bank of Ethiopia, did not immediately respond to calls seeking comment.

If they keep up the good work, Ethiopia could be the future leading power on this continent.

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