Ethiopia’s state-owned Ethio Telecom sold only 10.7% of shares in its initial public offering aimed at boosting investment in the country’s struggling economy. The mobile operator raised 3.2 ...

NAIROBI, July 28 (Reuters) - Ethiopian state-owned Ethio Telecom expects its total revenue to rise 19% in its 2023/24 (July-June)financial year and forecasts a 29% rise in the number of customers ...

Ethiopia has resumed the process of selling a 40 percent stake in its state-owned operator Ethio Telecom. The process has also been opened up to international investment, notes Reuters, which signals ...

The first listing will be operator Ethio Telecom, the country’s largest telco, which will sell a 10% stake this week. The move is part of Prime Minister Abiy Ahmed’s plans to open up the country – ...

Ethio Telecom will be the first company listed on the new Ethiopian Securities Exchange, or ESX, which is set to begin operating in November. It will be the country’s first stock market since ...

will sell 100 million shares in Ethio Telecom, Brook Taye, chief executive officer of the company, said at a briefing in Addis Ababa on Wednesday. The nation’s biggest mobile-phone service ...