Ethiopia Bags the Highest Revenue from Privatization in Its HistoryJuly 18, 2017 - The government of Ethiopia announced that revenue from privatization has grown by 5 folds. The performance was the highest Ethiopia ever saw. According to Wondafrash Assefa, public relations head of Ethiopian Ministry of Public Enterprises, the difference in the target and performance was due to the fact that the deals were unpredictable. The highest revenue was generated from the transfer of 2 public enterprises, Girma explained. During the first month of the fiscal year, Ethiopia made the biggest ever privatization deal with Japan Tobacco Inc.

Source: Ethiopian News July 18, 2017 11:48 UTC