Ethiopia has released a request for proposal for the partial privatisation of Ethio Telecom, inviting proposals from interested parties who can "add value to the company by bringing in best practices in terms of operations, infrastructure management and next generation technological capabilities", according to the Ministry of Finance.
The privatisation of public enterprises is part of the government's Homegrown Economic Reform programme, which aims to broaden the role of the private sector in the Ethiopian economy, improve the efficiency of public enterprises, enhance their competitiveness, increase their access to capital, and enhance the quality and accessibility of their services.
The government is proposing a partial privatisation of Ethio Telecom, selling 40 percent of the equity share capital. This RFP is open to all interested parties and not limited to those companies who indicated their interest by submitting an expression of interest earlier this year, the ministry of finance said.
