The Ethiopian government wants to sell 45% of its telecom Ethio Telecom, which lost its monopoly in 2022, a figure up from the 40% sale announced in November 2022. The two sides signed a truce in November and are now in discussions about a long-term peace.Since the ceasefire, Ethio Telecom has restored service to 27 towns and cities, the company said in January. In 2022, Deloitte—the manager of the sale—stated that Ethio Telecom was worth about $1.5 billion, this means that the government is hoping to raise $675 million from the share sale. If the government had stuck to its initial plan for 40%, it would have been expecting to raise $600 million. Ethiopia is home to over 112 million people, making it the second-largest country in Africa by population.

Source: Ethiopian News February 14, 2023 22:08 UTC