La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

Ethio Telecom: The government plans to sell only 40% of Ethio Telecom’s shares in order to retain the majority

Despite the coronavirus crisis, Ethiopia continues to work on plans to privatize its national telecommunications company. The government plans to sell only 40% of Ethio Telecom’s shares in order to retain the majority.
 
Ethio Telecom: The coronavirus is not right about the privatization project

The coronavirus does not stop Addis Ababa towards its objective of privatizing Ethio Telecom. The Ethiopian Communications Authority (ECA) said on Thursday that the privatization process would continue despite the pandemic. What the Minister of Finance, Eyob Tekalign Tolina, confirmed to Reuters by specifying that foreign companies will soon be called to tender.

According to the ministry, 40% of Ethio Telecom's shares can be acquired by a private operator. A small proportion will be open to the Ethiopian public, but the state will retain the majority of the firm’s capital.

Since the Ethiopian Prime Minister had his plan of deprivation, several telecoms giants have dispatched sherpas to Addis Ababa to study the contours of the Ethiopian offer. If Stéphane Richard, head of the Orange group said he was "extremely interested", responding to La Tribune Afrique in September 2018 in Marrakech, the group recently expressed its interest in the new licenses that the government plans to launch to create competition on the market. Ethiopian Telecom. In addition, MTN, Etisalat and Vodacom are all operators on the lookout.




With its 100 million inhabitants, Ethiopia remains one of the African countries least affected by Covid-19, with less than 420 cases of contamination, 128 healings and five deaths on Friday. The privatization of Ethio Telecom and the opening up of competition should profoundly transform the telecoms market in this East African country.