Ethio Telecom Stories

The telco's customer base has also grown to 8.8 million, including 7.1 million active data users, according to the company.

The IPO is part of the government of Prime Minister Abiy Ahmed's broader plan to expand private investment in the Horn of Africa economy.

Ethiopia's telecoms industry, serving a population of about 120 million, was considered a big prize in the government's efforts to open up the economy...

The government's initial plan to sell 45 per cent of Ethio Telecom to foreign investors was cancelled in November after Orange SA withdrew its bid.