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: