The Executive Committee of the Ethiopian People’s Revolutionary Democratic Front (EPRDF) decided yesterday to liberalise the economy partially.
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.
Ethiopia will sell minority stakes to foreign and domestic investors in state monopolies such as Ethio Telecom and Ethiopian Airlines Enterprise, the continent’s biggest airline, as well as Ethiopian Shipping & Logistics Services Enterprise.
Other sectors such as railways, the sugar industry and hotels will be open to full private sector ownership.
