Worku Aberra (PhD), for Addis Standard
Addis Abeba, July 24/2018 – In a stunning announcement, Prime Minister Abiy Ahmed disclosed on June 5 that the Executive of the EPRDF has decided to privatize some of the largest state-owned enterprises (SOE) in Ethiopia. The SOEs targeted for partial privatization include the Ethiopian Electric Power Corporation (EEPC), the Railway Corporation, the Ethiopian Shipping & Logistics Service Enterprise, Ethio Telecom, and the Ethiopian Airlines (EAL). Domestic and foreign investors can become minority share holders in these firms, although how much they will own has not yet been determined. In the past, foreigners were prohibited from investing in the transportation, aviation, telecommunication, and electricity sectors. The decision is a dramatic reversal of that policy.