Government officials and stakeholders discussed the telecom sector reform activities in the presence of Prime Minister Abiy Ahmed.
The discussion has been focused on the decision to partially privatize Ethio Telecom and attract more telecom corporations in to the country.
It is stated on the occasion that 40% stake of Ethio Telecom will be transferred to international companies while 5% stake is reserved to Ethiopian citizens based on the decision reached to partially privatize the company.
It is pointed out that the 5 % stake will not be monopolized by a few but to be shared by all citizens as per their potentials.
The government will continue holding remaining 55 % stake in Ethio Telecom.
In addition to partial transfer of the company, the government will issue licenses to two international telecom companies which have globally recognized reputation and experience in the sector and, are able to transfer technology.
Prime Minister Abiy Ahmed said the licensing and the partial transfer will be carried out free corruption based on ethics of professionalism so as to safeguard benefit of the nation.
The Premier further underscored the process of liberalizing the sector is free of policy pressure and based on the principles and directives of the country’s homegrown economic reforms.
Government to sell 5% stake of Ethio telecom to Ethiopian citizens
UN report shows how public procurement is a powerful tool for sustainable development
As governments respond with unprecedented spending to combat the coronavirus pandemic, a new report released by the United Nations Forum on Sustainability Standards (UNFSS), urges them to ensure public procurement does no harm to people and the planet.
The report entitled “Scaling up Voluntary Sustainability Standards through Sustainability Public Procurement and Trade Policy” explores how government spending can drive the uptake of voluntary sustainability standards (VSS) – special rules that guarantee that the products we buy do not hurt the environment and the people that make them. It is the fourth edition of the UNFSS report.
VSS ensure products are made or transported in accordance with certain sustainability metrics, such as its environmental impact, basic human rights, labour standards, and gender equality.
“The integration of VSS in public procurement and trade policies can scale up their adoption,” said Isabelle Durant, deputy head of UNCTAD, which coordinates UNFSS, a group of five UN agencies that promote these rules, including the Food and Agricultural Organization (FAO), the International Trade Centre (ITC), the United Nations Environment Programme (UNEP), and United Nations Industrial Development Organization (UNIDO).
#YellowNewYear
BGI Ethiopia has launched a timely campaign named #YellowNewYear on social media and mass media platforms with a motto that captures the immense importance of words. Many have become part of this warm sentiment. With this New Year, BGI Ethiopia has put out a call to all of Ethiopians, to bring out the best in us. The Yellow in us stands for hope. The Yellow in us stands for ecstasy.
