Ethiopia launches tendering process to sell 40% stake in Ethio Telecom

PUBLISHED: Mon, 14 Jun 2021 07:40:42 GMT
Share

ADDIS ABABA, June 14 (Reuters) – Ethiopia on Monday launched a tendering process for the proposed sell off of a 40% stake in state-owned carrier Ethio Telecom to private investors, part of the government’s broader plan to open up the Horn of Africa country’s economy.

Interested investors can now submit so called expressions of interest (EOI), the first of a series of stages that will lead to picking of a successful bidder, Zinabu Yirga, Deputy Director of Public Enterprises Holding and Administration Agency told a press conference in the capital Addis Ababa.

(Writing by Elias Biryabarema; editing by Louise Heavens)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.