Africa's ‘Sleeping Giant’ Courts Foreign Investors With Reforms - Bloomberg:
"Ethiopia, Africa’s second-most-populous country and the continent’s fastest growing economy, is inviting big business to cash in. For so long a closed shop, the Horn of Africa nation on Tuesday invited foreign investors to buy stakes in state-owned telecoms, shipping, power generation and aviation companies, a rare opportunity to access such a large market. The bonanza will extend to railways, sugar mills and industrial parks, with the top brass of the ruling party embarking on long-awaited market reforms. The move continues a breakneck push led by new Prime Minister Abiy Ahmed, who took office two months ago. As well as green-lighting the liberalization of state companies, he’s taken steps to reduce the role of the military in the economy, agreed to the terms of a long-disputed peace deal with neighboring Eritrea, and lifted a state of emergency that followed the snap resignation of his predecessor, Hailemariam Desalegn."
'via Blog this'
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