The government of Ethiopia has published a Request for Proposal (RFP) documents inviting interested investors to bid for 45 per cent minority stake in the national carrier Ethio Telecoms. The plan to sell shares in Ethio Telecom has been in the works since 2018 as part of wider efforts to open-up the then state-run monopoly. Its young population, high gross domestic product growth rate, and increased private sector investment offers valuable growth opportunities,” it added. “Further, low tele-density in Ethiopia highlights the huge untapped potential in Ethiopia’s telecommunication sector. The Company’s robust infrastructure and strong financial performance will offer a significant competitive advantage to any investor,” the statement said.

Source: Ethiopian News February 13, 2023 07:33 UTC