Ethiopia’s decision to allow local and international investors to buy stakes in some of its largest state-owned enterprises, or SOEs, marks an important U-turn given the state’s distaste for capitalism.
Minority stakes in Ethiopian Airlines, Ethio telecom, Ethiopian Electric Power, and Ethiopian Shipping and Logistics Services Enterprise will be put up for sale; in addition, the government will seek the full or partial sale of railway projects, hotels, and sugar and other manufacturing industries.
Ethiopia’s potential will attract investors, says Jean-Pierre Chauffour, lead economist for Ethiopia at the World Bank.
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