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Proclamation No. 1206-2020 Public Enterprises Privatization Proclamation

PROCLAMATION NO. 1206 /2020

A PROCLAMATION TO PROVIDE FOR THE PRIVATIZATION OF PUBLIC ENTERPRISES

WHEREAS, it has become necessary to introduce reforms to sustain the country’s economic growth and transformation and to create an enabling policy environment for private sector investment;

WHEREAS, it has become necessary to improve the provision of finance for development to contribute to implementation of the country’s economic growth strategy;

WHEREAS, it has become necessary to broaden the role and participation of the private sector in the economy;

WHEREAS, it has become necessary to improve the efficiency of public enterprises, enhance their competitiveness, improve their access to capital and improve the quality and accessibility of their services;

WHEREAS, to achieve this objective it is found necessary to implement of a privatization program in an open and transparent manner; NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows

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