Ethiopia postpones telecom privatization  

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The Ethiopian government postpones partial privatization of Ethio Telecom.   

Given the recent developments and fast-moving macroeconomic changes both globally and from a country perispective, the government has chosen to postpone the privatization process, said a statement issued by the Ministry of Finance.             

“The government believes that taking time to accommodate the improved macroeconomic situation as well as continually improving financial performance of Ethio Telecom will result in better value for all the parties involved and im particularly citizenary of Ethiopia,” the statement added. 

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