Ethiopian News

Ethiopia in the process of hiring consultants for the privatization of sugar factories

Ethiopia is moving forward with a plan to expand its economy by privatizing a number of large corporations.

Sugar factories are the most important of these.

Dr. Brooke Taye, Senior Adviser to the Ministry of Finance, told Ahadu Radio that they are in the process of concluding a contract with a privatization consultant.

He added, the moment the consultant assumes his assignment, the transfer process will start as soon as possible.

Dr. Brooke stressed the process of privatizing the existing 10 factories requires a lot of work and time.

Source: Ahadu Radio 94.3

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