• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home African

Ethiopia Partially Privatizes Its Telecommunications Company

Ayoola by Ayoola
September 22, 2021
in African, Telecom
Share on FacebookShare on Twitter


The
Ethiopan government has announced a proposal bid for the privatization of government-owned telecommunications company known as ‘Ethio Telecom’.

The authorities of the East African country had part of the bidding process invited private investors to acquire a 40 percent stake in the country’s official Telcom service provider.

Ethiopia Finance Ministry, in the fore front of the bidding process has delivered a ‘Request For Proposal’ (RFP) for partial privatization of ‘EthioTelecom’, a move that is designed to attract investments from interested firms and private entities that can “add value to the company by bringing in best practice in terms operations, infrastructure management, and next-generation technological capabilities,” according to the ministry’s statement.

A partial privatization of a government owned institution, a known method of giving some certain percent of equity to private firms is a common practice adopted in countries of Central and East Europe, a method that allows a more or less large number of residual shareholdings to still be in the purview of the government. It also has a remarkable constructive effect on the profitability of enterprises, its productivity and subsequent investment.

Implications Of This RFP On Ethiopia’s Telecommunications Industry?

A lot of questions may begin to ring in the minds of the average reader what the Request For Proposal (RFP) for the partial privatization of ‘Ethio Telecom’ portend for  the telecommunications sector in Ethiopia.

As enumerated earlier, partial privatization is a means to an end for the government to attract investors and in essence investments into its public enterprises to accelerate efficiency. The process will play a vital role in opening up a fast-growing economy that is majorly directed at millenials. The low number of fixed telephone connections per 100 people in a marked geographical area in the country will be fixed up with a high private investment rate that will help in the achievement of “a huge untapped potential in Ethiopia’s telecommunications sector.”

The authorities in Ethiopia are also seeking to privatize several of the country’s private public firms that are expected to be released under the Public Enterprises Privatization Proclamation.

“A proclamation to provide for the privatization of public enterprises whereas it has become necessary to introduce reforms to sustain the country’s economic growth and transformation and to create an enabling policy environment for private sector investment,” the Proclamation states.

The latest move by the government is aimed at enhancing public enterprises’ efficiency and its functionality, provision of better means to access higher capital rates in investments and future operations,  instigatecompetiveness between enterprises, and further strengthen the accessibility and quality of service.

Interested bidders will have access to the RFP, and companies that earlier demonstrated interest on the matter will not be excluded, but enterprises drawn to the RFP must part with a non-refundable payment of $20,000 to initiate  the request, which will be followed by the submission of a ‘confidentiality report’ to the Ethiopian authorities.

The Ministry of Finance statement read thus:

“An interested party may obtain the details of the account for payment of the RFP fees as well as the form of the confidentiality undertaking by sending a written request to telecombid@mofed.gov.et ”.

Related Posts:

  • safaricom_ethiopia_world_bank
    The World Bank Group Offered Equity To Support…
  • 5g-black_2_4837787
    MTN Builds Private 5G networks In South Africa
  • exam-ANI-640
    Telkom Declines Rain Group Merger Offer.
  • telecoms-radio-towers
    Nigerian Govt Plans 7,000 Telecom Towers Through…
  • paystack licence
    Nigeria's Paystack Receives PSP License From Kenya's…
  • MTN Congo 5G.
    MTN Congo 5G Launch Leverages High-end Broadband…
  • Vodacom-Moz-RESIZED
    Vodacom Debut 5G Broadband Connection In Mozambique
  • The MTN Group Proposes an Acquisition Deal to Telkom.
    The MTN Group Proposes an Acquisition Deal to Telkom.

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: ethio telecomethiopiagovernmentprivatisation
Ayoola

Ayoola

Ayoola Faseyi, an Abuja based Journalist with interest in Technology and Politics. He is a versatile writer with articles in many renowned News Journals.He is the Co-Founder of media brand, The Vent Republic.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

subscription from
Loading

Freshly Squeezed

  • X Faces Declining Usage and Rising Competition After CEO Exit July 11, 2025
  • Microsoft Updates Windows 11 Blue Screen of Death July 11, 2025
  • YouTube Closing Trending Page After 10 Years July 11, 2025
  • Prime Day 2025 Sets New E-commerce Records July 11, 2025
  • Xara WhatsApp AI Bot Aims To Simplify Banking In Nigeria July 10, 2025
  • Nokia & Google Fibre Team Up To Advance Fibre Internet Gaming July 10, 2025

Browse Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    

Quick Links

  • About TechBooky
  • Advertise Here
  • Contact us
  • Submit Article
  • Privacy Policy
  • Login

© 2025 Designed By TechBooky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • Artificial Intelligence
  • Gadgets
  • Metaverse
  • Tips
  • About TechBooky
  • Advertise Here
  • Submit Article
  • Contact us

© 2025 Designed By TechBooky Elite

Discover more from TechBooky

Subscribe now to keep reading and get access to the full archive.

Continue reading

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.