EPRDF Decision to Loosen Up on Commanding Heights of the Economy Unanimous

The Executive Committee of the ruling EPRDF has decided today to open up the commanding heights of the economy, partially privatising state owned giants including the Ethiopian Airlines, Ethio telecom, Ethiopian Eclectic Power and the Ethiopian Shipping & Logistics Services Enterprise.

The decision was made unanimously, according to members of the committee, showing a significant departure from economic orthodoxy of the EPRDF. If there was any move to the contrary, It was some members from the ANDM who raised issues for clarifications and calls for caution, said these people.

The EPRDF began its two-day top leadership meeting, the first since the rise to power of its chairman, Abiy Ahmed (PhD). The party’s decision to privatise these public companies opens an unexpected opportunities for both local and foreign investors while the government is holding majority shares in them. The meeting was also concluded after deciding to privatise state owned railways, sugar factories, industrial parks, hotels and manufacturing companies, all under constructions.


Published on Jun 05,2018 [ Vol 19 ,No 945]



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