Eritrea offers stake in state telco, but not to foreigners

Jan 6, 2013 Full story: Reuters 22

Eritrea is selling a stake in its state-owned telecom operator as part of plans to boost private investment in the Red Sea state, but the company's chief executive said the offer was only open to domestic buyers.

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EritreanAfar

Wendlingen, Germany

#1 Jan 7, 2013
that is why we love our government no foreigners!!
Rebi halkum!!
Ethiopian Afar

Ethiopia

#2 Jan 7, 2013
EritreanAfar wrote:
that is why we love our government no foreigners!!
Rebi halkum!!
Moron Hamassein concealing himself under the name of Eritrean Afar?!!! Lie for yourself. Afars are proud Ethiopians.
comanDonkey

Bowie, MD

#3 Jan 7, 2013
There are afars in Eritrea, Ethiopia and Dijibouti too, mo_ron
Umaa

Ethiopia

#4 Jan 7, 2013
today Eritrea government wants to sell share telcom and other business to local people or Eritreans are

1) Ethiopia government telecom employees salary increase by 100 %.

2) Eritrea government wants to make peace with Ethiopia because great internal and international pressure is coming on Eritrea government , so to minimize that pressure privatization of telecom and other service is helpful for Eritrea government .

3) Eritrea only have a resource of telcome because eritrea topography is very bad for transport and other infrastructure development .

4) Eritrea telcom competitiveness in east africa is almost finished , that is the reason eritrea wants to offer telcome for local people .

5) brave ethio telcom is today want to boost 30 million mobile sim card for ethiopians within 3 yrs .
6) hopefully we expect port asseb and massewa will be offered for local investors .

Many more thanks
Umaa

Ethiopia

#5 Jan 8, 2013
why Eritrea offers stake in state telco ?

To avoid debt and interest charges, businesses issue shares to raise the money they need for growth. That gives them the potential of raising far more than they could be approved for through a lender. Issuing shares gives companies the opportunity to do things such as develop new products, buy more advanced equipment, and hire more employees, according to the UpDown investment resource website.
truth1

Washington, DC

#6 Jan 8, 2013
Umma suffers from identity crisis
Umaa

Ethiopia

#7 Jan 8, 2013
ethio telecom has 20.3 million subscribers of mobile telephony, with nearly 65pc living in the capital, according to data released on December 30, 2012.
Umaa

Ethiopia

#8 Jan 8, 2013
The ultimate goal of shabya was

to sell share of telcome and banks of eritrea and they have today a power of printing passport , So Eritreans want to hold major share from profitable institution of Eritrea and you earn profit from different Eritrea institution but you live in USA , and monthly you want to earn income like rent from Eritrea major institution and you may spend in las vegase , California , san diago .....KKKKKKKKKKKKKKKKKKKKKKKKK KKKK
Ethio Afar

Ethiopia

#9 Jan 9, 2013
comanDonkey wrote:
There are afars in Eritrea, Ethiopia and Dijibouti too, mo_ron
My friend there are no the so called Eritrean AFars .the root of all Afars is Ethiopia. You cannot continue opressing Afars. We are Ethiopians.
Observer

Ethiopia

#10 Jan 11, 2013
Umaa wrote:
why Eritrea offers stake in state telco ?
To avoid debt and interest charges, businesses issue shares to raise the money they need for growth. That gives them the potential of raising far more than they could be approved for through a lender. Issuing shares gives companies the opportunity to do things such as develop new products, buy more advanced equipment, and hire more employees, according to the UpDown investment resource website.
But this is the text book definition of seeking forinvestment. But in Eritrean governments case there is no text book reason ... they are saying shares to be sold to locals only because at the end when they rob the invester's money \, like what they always do, no one can question them. If they involve foreigners, they can't fool around as they wish. Even as stupid as they are, they know the consequences.
Sara

San Jose, CA

#11 Jan 11, 2013
Ethiopian Afar wrote:
<quoted text>
Moron Hamassein concealing himself under the name of Eritrean Afar?!!! Lie for yourself. Afars are proud Ethiopians.
You the moron one here to call all the Hamassein. The person state his veiw it does not mean he /she is moron may be he is not educated or know how the gov't of Eritrea is acting or abusing its people. If he know he would not agree or like the act of the state of Er.
Agame boy

Ethiopia

#12 Jan 12, 2013
Observer wrote:
<quoted text>
But this is the text book definition of seeking forinvestment. But in Eritrean governments case there is no text book reason ... they are saying shares to be sold to locals only because at the end when they rob the invester's money \, like what they always do, no one can question them. If they involve foreigners, they can't fool around as they wish. Even as stupid as they are, they know the consequences.
No foriegner will be interested to buy shares from Eri Telecom that administers only 25000 fixed land telephones and 40000 mobiles. There will be no return in investing in such small company.
KEBRE NEGEST

UK

#13 Jan 12, 2013
Observer wrote:
<quoted text>
But this is the text book definition of seeking forinvestment. But in Eritrean governments case there is no text book reason ... they are saying shares to be sold to locals only because at the end when they rob the invester's money \, like what they always do, no one can question them. If they involve foreigners, they can't fool around as they wish. Even as stupid as they are, they know the consequences.
so what do you suggest?to be sold to Indians or Chinese and eritreans ended up being cheap labors like the southern people in Ethiopia have been enslaved in their own country after their lands being sold to foreigners?
Instead of making fool of urslef by laughing at Eritrea's clever move ask your self why couldn't the Ethiopians diaspora who count upto a million(forget the locals) run that business if they were offered to buy shares, aren't they fit enough or don't they have what it takes to run a farm?
im sure Ethiopian can afford the capital and the knowledge to run the farm which was sold to foreigners at a very cheap rate and they could have benefited and the southern people would have felt as if it was their land and worked harder for the common benefit,but dedebit is dedebit and have to wait 99 yrs to kick them foreigners out.pls know what you taking about,and good luck to eritreans.
KEBRE NEGEST

UK

#14 Jan 12, 2013
Agame boy wrote:
<quoted text>
No foriegner will be interested to buy shares from Eri Telecom that administers only 25000 fixed land telephones and 40000 mobiles. There will be no return in investing in such small company.
stay in the beles business pls this is not for you.
Agame boy

Ethiopia

#15 Jan 12, 2013
KEBRE NEGEST wrote:
<quoted text>
stay in the beles business pls this is not for you.
It is a fact. No foreign investor will be interested in the smallest telecom comp in the planet. Do U want me to add : No foreign company wants to work in a country where the UN has imposed sanction. And who wants to invest in a country ruled by unreliable dictator? Who the hell would like to invest in a country where there is no rule of law. Moron Anseba , truth hurts U. Eh? Finally Telecom Is hi-tech not ANBETA business. And U are good in the 2nd one.
Wedi Segenaiti

Ethiopia

#16 Jan 13, 2013
KEBRE NEGEST wrote:
<quoted text>
stay in the beles business pls this is not for you.
Wedi Hama gidefba beles gelemele endabelka aytetnkefena. Beles beleena Shetna zeabenan zetemahernan alona. Newedi Agame zerkebka mesiluka neana telekemena aloka.
KEBRE NEGEST

Isleworth, UK

#17 Jan 14, 2013
Wedi Segenaiti wrote:
<quoted text>
Wedi Hama gidefba beles gelemele endabelka aytetnkefena. Beles beleena Shetna zeabenan zetemahernan alona. Newedi Agame zerkebka mesiluka neana telekemena aloka.
hahaha its a trade mark in your azzes anta agame!
KEBRE NEGEST

Isleworth, UK

#19 Jan 14, 2013
Agames are angry because an Australian exploring company closed their potash project and joined Eritrea's potash project,and because eritreans respond positively to investment call and flooded to asmara to take part.
While their dam project which was expected to get $1.4 billion from diaspora Ethiopians has collected only $270 million KKKKKKKK,so they are dying because eritreans responded well and ready to invest in their country,wey buda agame Loooool
Welldone Eritreans.
Wedi Segenaiti

Ethiopia

#20 Jan 14, 2013
KEBRE NEGEST wrote:
<quoted text>
hahaha its a trade mark in your azzes anta agame!
Anta wedi sebeiti hateftef aytebzeh. Bejaka aytezarebena.
KEBRE NEGEST

Isleworth, UK

#22 Jan 14, 2013
Wedi Segenaiti wrote:
<quoted text>
Anta wedi sebeiti hateftef aytebzeh. Bejaka aytezarebena.
terewa'e qondaff aray beles agame.

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