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Ethiopia to Sell 10% Stake in State Telecom on New Stock Exchange

Ethio Telecom (Ethiopian Telecommunications Company), the country’s major internet and service provider, will be the first company to list on the East African country’s new stock market next week.  The company, which has monopolized the telecommunications industry of the country for several years where it serves about 120 million population, is set to be partly privatized,…

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Ethio Telecom and Shandong Hi-Speed Group in Talks for Hyperscale Data Centre in Ethiopia

Ethiopia's leading state-owned telecommunications provider, Ethio Telecom, has entered strategic discussions with Shandong Hi-Speed Group, a Chinese infrastructure enterprise, to construct a hyperscale data centre. This initiative is set to play a vital role in advancing Ethiopia’s digital infrastructure and building a future-proof digital economy. The discussions were led by Frehiwot Tamru, CEO of Ethio…

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