PM Abiy Launches Sale of Ethio Telecom Shares to Public

Addis Ababa October 16/2024 (ENA)Prime Minister Abiy Ahmed has today launched the sale of Ethio Telecom shares to the public laying the groundwork for Ethiopia’s stock market. 

On social media post, the premier said “today marks a significant milestone as we launch the sale of Ethio Telecom shares, an essential step in our ongoing journey from political revolution to evolution over the past six years.” 

Key reforms, including the development of Digital Ethiopia, have created the foundation for this moment, enabling progress across various sectors, he added. 

 

Ethio telecom offered 10 percent of its shares to the public, laying the groundwork for Ethiopia’s stock market. 

“With 50 million Ethiopians transacting via mobile money, the 130-year-old Ethio Telecom is offering 10 percent of its shares to the public, laying the groundwork for Ethiopia’s stock market and expanding access to ownership in one of the nation’s leading state-owned enterprises, which has now evolved into a share company,” Abiy stated.