Ethiopian News, Current Affairs and Opinion Forum
Fiyameta
Senior Member
Posts: 18135
Joined: 02 Aug 2018, 22:59

Reuters: Abiy Ahmed Sells Ethio Telecom For Peanuts

Post by Fiyameta » 27 Oct 2024, 22:39

10% stake in Ethio Telecom will be sold to Ethiopian citizens for 300 Birr ($2.48 USD) a share, while the remainder 90% will be sold to foreign companies. IMF's privatization program for Ethiopia is forcing the sale of State-owned companies to repay the country's debt. Similarly, the UAE that provided $1 Billion loan to Ethiopia 5 years ago, is expected to buy the Ethiopian Airlines to offset the outstanding debt. :P :P


almaze
Member+
Posts: 7747
Joined: 15 Dec 2013, 03:38

Re: Reuters: Abiy Ahmed Sells Ethio Telecom For Peanuts

Post by almaze » 27 Oct 2024, 23:25

Instead of talking about Ethio Telecom, why not focus on improving EriTel's internet and telephone services for the people of Eritrea? :lol: :lol: :lol:



Abdeaziz
Member
Posts: 671
Joined: 23 Jun 2013, 02:12

Re: Reuters: Abiy Ahmed Sells Ethio Telecom For Peanuts

Post by Abdeaziz » 28 Oct 2024, 00:02

FANO-pFART is bussy allover TikTok making some tut tut :mrgreen:

Post Reply