A discussion forum on privatization and share market in Ethiopia opened today, organized by HST Consulting Plc.<\/p>\n

The objective of the meeting is to provide a recommendation to the government on what kind of privatization and stock market should Ethiopia pursue.<\/p>\n

In his opening remake, Teshome Tafese, State Minister of Finance, said such kind of discussions would help Ethiopia to get more experiences in how to involve in privatization and share market.<\/p>\n

Strengths and weaknesses observed in the privatization practiced during the past years were discussed during the event.<\/p>\n

Ethiopia privatized 381 state-owned enterprises in two phases during the past 27 years, generating 49 billion birr for the government.<\/p>\n

However, due to lack of proper monitoring mechanisms, most of the privatized enterprises failed to achieve their target.<\/p>\n

The participants recommend the government to take lesson from this failure and avoid considering privatization as the only option<\/p>\n

They advised the government to avoid privatizing enterprises that generate good income, citing the Chinese ZTE Corporation and Huawei Technologies, as examples.<\/p>\n

They also recommended the government to develop clear privatization roadmap and policy.<\/p>\n

<\/span><\/h1>\n","protected":false},"excerpt":{"rendered":"

A discussion forum on privatization and share market in Ethiopia opened today, organized by HST Consulting Plc. The objective of the meeting is to provide a recommendation to the government on what kind of privatization and stock market should Ethiopia pursue. In his opening remake, Teshome Tafese, State Minister of Finance, said such kind of …<\/p>\n","protected":false},"author":24,"featured_media":13742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embassy-news"],"jetpack_featured_media_url":"https:\/\/ethiopianembassy.be\/wp-content\/uploads\/Forum-pic.jpg","_links":{"self":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/13741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13741"}],"version-history":[{"count":1,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/13741\/revisions"}],"predecessor-version":[{"id":13743,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/13741\/revisions\/13743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/media\/13742"}],"wp:attachment":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}