Ethiopia will open its national carrier Ethiopian Airlines and state-owned telecom company to investors for the first time by selling minority stakes in the two firms. Ethiopian Airlines is Africa’s largest and most profitable large-scale airline serving almost 70 cities worldwide from the capital, Addis Ababa, and it recently reached a fleet of 100 aircraft. The government will also dispose of equity in the carrier, along with Ethio Telecom, Ethiopian Electric Power, and the Ethiopian Shipping & Logistics Services Enterprise. Ahmed, who belongs to the Oromo ethnic group, has vowed to enact reforms to make the economy more inclusive and he has also released some political prisoners. The opening up of the airline and telecoms industry is another step towards achieving his stated goals.

Source: Ethiopian News June 06, 2018 09:49 UTC