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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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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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