Ethiopia opens airline to private, foreign investors

Eleanor Steed
By Eleanor Steed June 7, 2018 13:43

Ethiopia opens airline to private, foreign investors

In a major policy shift, Ethiopia reveals plans to open up state-owned Ethiopian Airlines to private domestic and foreign investment.

“While majority stakes will be held by the state, shares in Ethio Telecom, Ethiopian Airlines, Ethiopian Power, and the Maritime Transport and Logistics Corporation will be sold to both domestic and foreign investors,” the government said in a statement.

New Prime Minister Abiy Ahmed, has promised to implement real economic reforms, which includes privatising “corporations under government hands – railway, sugar, industry parks, hotels and various manufacturing firms.”

Image: Airbus
Eleanor Steed
By Eleanor Steed June 7, 2018 13:43