Ethiopia: Ministry to Avail 5% of Ethio Telecom to Public

The Ministry of Finance has decided to avail a five percent stake in Ethio telecom to the public with a cap on the number of shares an individual can buy. The minority share of the telecom company will be sold to thousands of Ethiopians living in the country and abroad as well.

With the new decision, 40pc of the company will also be privatised to one of the international telecom operators that will own the firm along side the public and the government, which will retain a majority share.

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