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ADDIS ABABA (Reuters) – Ethiopia is open to selling off a host of state-owned firms, or partially or entirely, as part of a major economic reform drive designed to "unleash the potential of the private sector", its information
In an interview with Reuters, Ahmed Shide said the government of Prime Minister Abiy Ahmed – which has announced a stream of logistics, telecoms and energy companies.
However, everything else could be seriously affected, with the exception of the tightly controlled financial services sector whose fate was yet to be decided, he said.
"The main objective of this is to encourage private sector development in the country, "Ahmed said, making 100 million people in the world.
" The role of The private sector is a very private sector, "he said.
Ahmed did not give a time-frame for privatization but said Addis was McKinsey and PwC.
"The detailed planning is not complete but will be made not to have mistakes," he said. "We're going to do it with bail."
Abiy has turned the Horn of Africa nation – the most populous in Africa after Nigeria – on his head with his
Withdrawn from the continent of the most violent states – a consequence of Ethiopia's chronic lack of foreign exchange – Abiy has brokered peace with arch-enemy Eritrea, with whom Ethiopia fought a brutal border war two decades ago
The first commercial flights from Ethiopia to Eritrea in 20 years took off early on Wednesday.
(Reporting by Maggie Fick; Writing by Ed Cropley)
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