The Ethiopian government plans to sell a 45% stake in state-owned telecom operator Ethio Telecom to private investors. The move is part of a broader effort to liberalize the country's economy and attract foreign investment. Ethio Telecom is the sole provider of telecommunication services in Ethiopia, a country of more than 115 million people. The company has been plagued by poor service quality and high prices, and the government hopes that opening it up to private investment will improve the quality and affordability of its services. The sale is expected to be one of the largest privatizations in Ethiopia's history and could generate significant interest from local and international investors. The government has not yet announced a timeline for the sale, but the process is expected to be closely watched by investors and industry observers alike.

Read the full article on TechCabal