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Ethiopian reforms attract investor interest

Since Ethiopian Prime Minister Abiy Ahmed took power in April 2018, his government has sent an unambiguous message: It needs more private sector investment to drive growth and create jobs.

The government’s growth strategy calls for structural reforms designed to strengthen the private sector, boost competition, and increase investment – an approach that is accelerating the end of Ethiopia’s long reliance on state-led economic development.

The government plans to privatise the state-owned telecommunications company, Ethio Telecom, offering up to 49% ownership to outside investors. The government also plans to offer two new licences that will allow new players, including foreign investors, to enter the market.

Read more from source article: https://www.howwemadeitinafrica.com/ethiopian-reforms-attract-investor-interest/64121/

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