In taking the privatization process further, the Ethiopian government has officially extended an offer to at least 12 global companies to submit financial and technical proposals in order to engage in the power production and operations.
The Budget and Finance Standing Committee of the House of People’s Representatives (HPR) urge the Ministry of Finance to speed up the privatization process of selected state-owned enterprises, up on hearing the nine-month performance report of some of the key economic issues of the country on Wednesday.
The Ministry of Finance has released initial documentation for the purpose of inviting local and international investors to express their interests in relation to the privatization of scores of sugar factories, both already commissioned and still under construction, The Reporter has learnt.
The state-owned telecom monopoly, Ethio Telecom, on Thursday announced that more than 300 illegal telecom operators are providing telecom services by intercepting Ethio Telecom infrastructure.
A team of 25 business delegates led by UK’s Trade Commissioner, Emma—Wade Smith, have met and discussed with more than seven-line ministries and government agencies looking to set foot in the newly rebranded Ethiopia, as the administration of Prime Minister Abiy Ahmed (PhD) introduces a wide raging of economic reforms including partial privatization of some of the biggest State Owned Enterprises (SoE) in Ethiopia.
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