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Djibouti to Sell Minority Stake in State-Run Telecoms Company

(Bloomberg) — Djibouti will offer a “significant minority” stake in state-owned Djibouti Telecom SA to a strategic partner, part of a plan to open up the sector and modernize its economy, the government said in a statement.The country of around 1 million people, located on one of the world’s busiest shipping routes, will be one of the last in Africa to liberalize its telecoms sector. Djibouti’s neighbor Ethiopia is also in the process of selling 40% of its state-owned operator, and recently awa

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