Ethiopia plans to offer shares in its road-building and maintenance projects to private investors, its finance minister said on Tuesday, the latest step to open up and modernise the State-led economy. Through public-private partnerships, the private sector is interested to develop roads," Minister of Finance and Economic Development Abraham Tekeste told Reuters in an interview. "Through this arrangement, we could work to share the risks and create an environment whereby the private sector can recoup returns on its investment." The International Monetary Fund has said Ethiopia needs to attract more private investment to maintain growth. With no roads, private investment will not be worthwhile," Abraham said.

Source: Ethiopian News July 19, 2017 08:46 UTC