Overview: – Privatisation Programme
The Ethiopian Government launched a programme for the privatisation of state owned enterprises in early 1995. Accordingly, the Ethiopian Privatization Agency (EPA) was established to implement the privatisation programme in the same year. The Government has laid the ground to privatise most of the state owned enterprises to the private sector. Accordingly, EPA has received a stock of 113 state owned enterprises from the government for privatisation in the years ahead. As indicated in EPA’s work schedule, out of these enterprises, a total of 43 state owned enterprises are in the pipeline for privatisation in the near future. Most of these enterprises fall under manufacturing, construction, agriculture and agro-industry, hotels, transport, trade, and mining sectors. There is a strong commitment from the Government side to fully privatise state enterprises in the coming few years. Detailed information on the process of privatisation can be obtained from the Ethiopian Privatization Agency.
Ethiopia is a diverse, vibrant country that has already achieved macro-economic stability and stands poised for expanded economic growth. Ethiopia has experienced double digit growth since 2003 and is projected to continue that growth for another two decades. The Ethiopian government has demonstrated a strong commitment to the private sector, which has helped paved the way for the country’s remarkable economic progress. The exchange rate in Ethiopia is stable, and working and living environments are safe and secure.
There are numerous, excellent reasons to invest in Ethiopia. For more background information, check out the Ethiopian Investment Guide. If you are interested in doing business in Ethiopia or would like more information, please contact:
Embassy of Ethiopia
Individuals of Ethiopian origin can get information on how to open an Ethiopian Bank Account, learn more about duty-free requirements for investors or find out how to get an Ethiopian Origin ID Card/ Yellow Card.
if you are interested to invest in Ethiopia, please fill the Your Company Profile