Ethiopia
As part of Ethiopian authorities' plan to open up the country's economy, the government began a bidding process on Monday for the proposed sell-off of a 40% stake in state-owned carrier Ethio Telecom to private investors.
Investors have 30 days to express their interest before a second phase of the process is launched, during which bids will be expected.
The partial privatization of Ethio Telecom aims to make the company, which has some 44 million subscribers out of a total population of about 110 million in Ethiopia, more efficient.
This year, Ethiopia carried out a first reform in telecommunications by launching a tender for two licenses, paving the way for the end of Ethio Telecom's monopoly, one of the last in the world in this sector.
At the end of May, one of the licenses was awarded to a consortium led by Kenya's Safaricom, which offered $850 million and also plans to invest $8.5 million over ten years, according to the authorities.
01:02
Violent clashes as Kenya opposition stages third day of protests
Go to video
Odinga condemns invasion of Kenya ex-leader's farm
00:53
Police fire tear gas as fresh protests erupt in Kenya despite ban
01:13
Kenya Airways posts record $290M loss despite revenue growth in 2022
01:01
Kenyan police on high alert as they brace for more anti-government protests
Go to video
Kenyans cry foul over economic crisis