Tigray Conflict Ethiopia
Orange Submits Interest for Stake in Ethio Telecom
Sourced from MSNBC. French telecom firm Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia’s Ethio Telecom. This is according to Ethiopia’s ambassador to Paris, sharing the news on Twitter. Fruitful discussions with team of @orange which has formally submitted interest to participate in the partial privatization of @ethiotelecom! 🇪🇹 with fast growing economy & income of +100 mln people remains very attractive to foreign investors. @MoF_Ethiopia @mfaethiopia pic.twitter.com/vXJxTnYHas — Henok Teferra Shawl (@_HenokTeferra) July 20, 2021 Henok Teferra Shawl said in the tweet that Orange had “formally submitted interest to participate in the partial privatisation of Ethio Telecom.” Saying that discussions with Ora...
Safaricom’s Plans in Ethiopia Hit Snag Due to Possible US Payment Ban
Image sourced from Techweez Safaricom’s plans to expand into Ethiopia have hit a complication as a US State financier is threatening to recall its loans to a Safaricom-led consortium following an escalation of armed conflict in the horn of Africa. The US International Development Finance Corporation (DFC) says that acts of violence against civilians in Ethiopia’s Tigray region could affect the release of $500-million in loans to the consortium. If the conflict deepens, it could push the DFC to forgo the investments altogether and pressure the telecoms in the consortium to seek finances from elsewhere. War in Tigray DFC’s financing of the consortium had previously been thrown into doubt over US economic sanctions against Ethiopia related to the ongoing conflict in Tigray, which has killed t...
