privatization – New Business Ethiopia

Ethiopia invites bidders to partially privatize Ethio Telecom

September 14, 2021September 14, 2021BEHAK

The Government of Ethiopia today invited foreign investors interested to buy partial share of the state-owned telecommunications service provider, Ethio Telecom.

Ethiopia suspends Ethiopian Airlines privatization

October 13, 2020October 13, 2020NBE

The Ministry of Finance of Ethiopia said it has suspended the partial privatization of the fully state owned Africa’s most profitable aviation group – Ethiopian Airlines.

Ethiopia to invite bidders for Ethio Telecom, two licenses in October

September 23, 2020September 24, 2020NBE

The Ministry of Finance of Ethiopia today indicated next month it will invite international telecom operators to bid to buy 40 percent Ethio Telecom share and compete for two more telecommunication licenses.

Ethio telecom to sell 5 percent share to domestic investors

September 7, 2020September 7, 2020NBE

The Government of Ethiopia announced its plan to sell five percent of the share of the fully state owned and only telecom operator in the country, Ethio Telecom.

Ethiopia to sell 40 percent of Ethio Telecom

May 22, 2020May 22, 2020

By retaining 60 percent, the Government of Ethiopia is set to sell 40% of Ethio Telecom ending the state’s monopoly of the sector for about a century.

Ethiopia invites South African investors to buy State enterprises

January 14, 2020January 14, 2020newbusinessethiopianews

Prime Minster Abiy Ahmed of Ethiopia, who was in a two – day’s state visit in South Africa invited South African businesses to invest in his planned privatization of state enterprises.

Ethiopian telecom regulators meet global investors

November 12, 2019November 12, 2019

The recently established Ethiopian Communications Authority (ECA) today host a consultation meeting on Ethiopian telecommunication reform process and regulatory framework with potential investors gathered from different parts of the world.

Ethiopian Airlines generates $4.2 billion revenue

October 1, 2019October 1, 2019

Ethiopia Airlines Group generates total revenue of 114.6 billion birr (about $4.2 billion) during the Ethiopia fiscal year concluded July 7, 2019.

Ethiopia’s privatization urgency sparks debate

September 19, 2019September 19, 2019

Intellectuals and business leaders gathered in Addis Ababa this morning debate about the benefits of Ethiopia’s “urgency” to privatize the state owned mega enterprises such as Ethio Telecom and Ethiopia Airlines among others.

Deconstructing the privatization scam – A very British disease

June 21, 2019June 22, 2019

By Kebour Ghenna – In Ethiopia, the next big item for sale is the Ethio Telecom. The Prime Minister is excited about it, his advisors are committed to it, and the World Bank is doing the advising. The justification for privatization, in this case, the transfer of public asset to international private investors, is that […]