Frehiwot Tamiru
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The government of Ethiopia has increased the stake it plans to sell in Ethio Telecom by five percentage points from 40% to 45%.
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Ethio Telecom, the state-owned incumbent in Ethiopia, has started a project to encourage start-up technology companies.
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Ethio Telecom failed to reach its revenue target in the last half-year before it faces competition from Safaricom.