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Ethiopia Suspends Sale of Telecom Firm’s Stake Sought by Orange

  • Government postpones sale amid civil war, economic conditions
  • Authorities to re-engage interested investors in due course

Ethiopia suspended the sale of a minority stake in the state-owned telecommunications company, a plan that had attracted interest from investors including Orange SA

“Given the recent developments and fast-moving macroeconomic changes both globally and from a country perspective, the government of Ethiopia has decided to postpone the privatization process,” the finance ministry said in a statement on Friday.