Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Ethiopia’s telco IPO marks key step for new stock exchange
    ethio telecom-IPO
    ethio telecom-IPO
    IT Infrastructure

    Ethiopia’s telco IPO marks key step for new stock exchange

    By 王莉娅January 14, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Ethiopia’s first IPO marks the start of its new stock exchange.
    • The launch follows economic reforms aimed at boosting private sector growth.

    What happened: Ethio telecom launches IPO to kickstart stock exchange

    Ethiopia will launch its first stock exchange later this year, with Ethio Telecom’s IPO playing a key role. On 17 October, the state-owned telecom company began selling 10% of its shares to the public, marking an important milestone in the country’s economic transformation.

    The shares are sold exclusively to Ethiopian citizens through the TeleBirr mobile payment service. The offer includes 100 million ordinary shares priced at 300 birr each, aiming to raise 30 billion birr ($250 million). The IPO runs until 3 January, after which Ethio Telecom plans to list its shares on the new Ethiopian Securities Exchange (ESX), set to open by mid-November.

    With 78.3 million customers, Ethio Telecom is undergoing privatisation as part of wider economic reforms. The government plans to sell 45% of the company to both local and foreign investors, while keeping 45% of the shares. The ESX, with other potential listings in the pipeline, aims to expand investment opportunities in Ethiopia’s rapidly transforming economy.

    Also read: Tranglo expands payout network across Africa
    Also read: Ethio Telecom expands 4G LTE to 417 cities nationwide

    Why it’s important

    The launch of Ethio Telecom’s IPO and the upcoming Ethiopian Securities Exchange mark key moments in Ethiopia’s economic transformation. These events are part of the government’s strategy to move the country towards a private-sector-driven growth model. By offering shares to the public, the IPO aims to engage local investors, while the broader privatisation efforts aim to boost investment, competition, and overall economic growth.

    The creation of the ESX is particularly important, as it will provide a formal platform for businesses to raise capital and attract investment. This is crucial not only for large companies but also for smaller ones seeking to grow. The IPO and the upcoming stock exchange launch are vital to the government’s plan to open up capital markets, with potential listings of other state-owned enterprises like Ethiopian Shipping and Logistics Services and Ethiopian Insurance Corporation.

    With support from international organisations such as the World Bank, Ethiopia aims to attract foreign portfolio investments. These efforts are designed to increase foreign exchange reserves, reduce reliance on external aid, and drive long-term economic growth.

    Ethio Telecom IPO Ethiopia Stock Exchange Ethiopian economy
    王莉娅

    Celia Wang is a community engagement specialist at BTW Media, having studied Creative and Media Enterprise at University of Warwick. She specialises in copywriting and sales communications. Contact her at c.wang@btw.media.

    Related Posts

    Ericsson returns to profit as licensing savings lift margins

    July 16, 2025

    UK mobile boost could unlock $299B

    July 16, 2025

    Vodafone launches ‘Fix & Go’ in-store repair service

    July 16, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.