Ethiopia begins selling stakes in state-owned company

Ethio-Telecom Chief Executive Officer, Frehiwot Tamiru, addresses the launch of 10% share offer of the state owned Telecom operator, to Ethiopian nationals in Addis Ababa, Ethiopia, Oct. 16, 2024.

Ethiopia’s state-owned telecommunications company has started selling shares to the public, in a move aimed at establishing a new national stock market and giving Ethiopians a stake in the company, one of the country's largest and most profitable.