The News. 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.

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 on its network using its ...

TLDR. Ethio Telecom to be the first company to list on Ethiopia's new stock market, selling a 10% stake as part of privatization efforts led by Prime Minister Abiy Ahmed.