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MPs urge for more scrutiny over sale of SoEs

A new draft proclamation intending to amend the existing privatization laws has been tabled before the House of People’s Representatives (HPR), with MPs suggesting further scrutiny to identify the advantages and disadvantages of transferring public enterprises and urged to keep some of the public enterprises under the government, based on their respective importance for public advantages.

Coca-Cola joins race for sugar plants

Cementing its six decades of business in the beverage industry of Ethiopia, the Coca-Cola Company under its subsidiary in Ethiopia has tendered its bid to acquire a sugar plant or plants the government is about to privatize in the early months of 2020, The Reporter has learnt.

 On reform track

The sole telecom operator, Ethiopia Telecom, has urged various government authorities and individuals to refrain from making erroneous statements on the on-going telecom reform program aimed at ending the state monopoly on the telecom sector.

Eutelsat joins race for Ethiopia’s telecom sector

The France based, European Organization of Telecommunications by Satellite S.A. (Eutelsat) has expressed its interest to join the Ethiopian telecommunications sector, following the liberalization decision taken by the government.

SoE’s amass 52.3 bln birr profit

The Public Enterprises Holding and Administration Agency (PEHA) on Thursday disclosed that a total of 23 public enterprises under its supervision have bagged a combined profit of some 52.3 billion birr during the 2018/19 (2011 EC) fiscal year.

Ethiopia ranks high in investment reward score

Control Risk Consultancy, a consulting firm headquartered in London, England, in consortium with the Oxford Economics, has placed Ethiopia at the top of the chart in Africa Risk-Reward Index, which ranks countries depending on the risks and rewards for investors there.

Privatization process encounters vociferous criticism

After making a bold decision to privatize state-owned enterprises, the government is drawing fierce criticism with the latest one coming from the former president of the Addis Ababa Chamber of Commerce and Sectoral Association, Kebour Ghenna.