The Addis Ababa-based Ministry of Public Enterprises, which has now become the Public Enterprises Assets and Administration Agency, and is set to privatise major Ethiopian state firms. ANDUALEM SISAY | NATION MEDIA GROUP
The Ethiopian government has picked telecommunications firm Ethio Telecom as the first of four major state corporations to be sold to private investors, in a liberalisation programme meant to boost economic growth.
Ethiopia, with a population of over 100 million people, has been Africa’s fastest growing economy for years, but the country is now reaching the limits of its state-led growth, prompting the government to open up its economy.
