Ethiopia to liberalize economy partially

Addis Ababa, June 5, 2018 (FBC) –The Executive Committee of the Ethiopian People’s Revolutionary Democratic Front (EPRDF) in its today’s session has passed decision to partially liberalize the economy.

The move is aimed at increasing the constructive role of Ethiopian Diaspora as well as potential local and foreign investors in Ethiopia’s fast growing economy, said the Committee in a statement sent to FBC today.

Accordingly, a decision has been made to expand mixed ownership or full privatization of state-owned enterprises such as railway projects, sugar development projects, industrial parks, hotels and other manufacturing industries.

The committee also put directions to privatize Ethio-telecom, Ethiopian Airlines, electric power generation projects, the Ethiopian Shipping and Logistics Services Enterprise, with the government having the majority stake.