By Andualem Sisay Gessesse – The government of Ethiopia has privatized 290 companies in 14 years from 1995-2015, according to the information obtained from the agency in charge of supervising and selling state enterprises. In addition, the country has also secured around a billion dollar by selling state enterprises over the last few years. The major state owned companies sold include gold mine, large coffee farms, three breweries, winery, soft drink factories and mineral water, cement and cement factories, agro-processing companies and food complexes. The top income generating in the list is the National Tobacco Enterprise (Ethiopia) S.C, which is sold for 12,616,800,000 birr. Currently the rebranded agency, which in charge of managing and selling state enterprises, is supervising dozens of companies.

Source: Ethiopian News January 04, 2019 11:26 UTC