2merkato

Jerome Henique, the CEO of Orange Middle East and Africa, met with Eyob Tekalign, the State Minister of Finance, to discuss investment opportunities in the telecom sector and potential collaboration.

Orange Digital Ventures Africa, Orange’s venture arm, announces its latest investment as it leads pre-series A round financing of an Ethiopian startup, Gebeya (“marketplace” in Amharic).

French telecom giant Orange has declared an interest in buying a stake from the partial privatization of Ethiopia's state-owned telecom services provider Ethio Telecom.

The French telecommunications giant Orange is considering a bid for a minority stake in the Ethiopian telecom market, Bloomberg reported, since Ethiopia is inviting bidders in a move to liberalize the state-hold monopoly of the telecom industry for the over-110-million-people market.

The Parliament of Oromia Regional State, Ethiopia approved a budget of 23.29 billion birr for the 2012-13 financial year. The budget shows an increase of 25% from the budget allocated by the regional government in the last budget year.

The budget tabled by the executive branch of the state government to the legislative body was a new high for the region.

The budget was planned on the basis of expanding development projects in the region said Abdulaziz Mohammed, Vice President of the state.