Ethio Telecom is one of the coun- try’s more profitable parastatals, record- ing a profit of 21.8bn birr ($184m) for the year to July 2024. In a statement, the ESX said that it would be “a key ...

The Ethiopian government sold 10% of its shares (10.7 million shares) to the state-owned company Ethio Telecom for 3.2 billion birr ($24 million) at a price of 300 birr per share in an IPO that lasted ...