Five Ethiopian state-owned enterprises have turned to external consultants for guidance as they embark on a strategic re-assessment of their core business model. As part of a major government reorganization program, Ethiopia is in the process of improving the performance of its portfolio of state-owned enterprises through initiatives including performance improvement, better commercialization of services, and the (partial) privatization. In 2023 and 2024, around 50 state-owned enterprises are expected to list on the Ethiopian Stock Exchange (ESX), with majority ownership of these groups to be transferred to private sector players. Overseeing the reorganization of state-owned enterprises is the Public Enterprises Holding and Administration Agency (PEHAA), an agency that falls under the Ethiopian government. Based on similar work MTI Consulting has conducted internationally, company CEO Hilmy Cader suggests many state-owned enterprises can turn losses into profits through the development of new and future-proof business models.
Source: Ethiopian News March 14, 2023 20:49 UTC