Ethiopia to use funds from partial privatisation to pay down debt
The move will enable the government to recapitalise state-owned enterprises so they can repay borrowings debts issued by lenders
17 October 2019 - 17:10
Nairobi — Ethiopia will use some of the proceeds from partially privatising state companies to pay off government-guaranteed debts issued by lenders, including the largest state bank by assets.
Selling sugar factories and a stake in the country’s telecoms monopoly will enable the government to recapitalise state-owned enterprises (SOEs) so they can repay borrowings, National Bank of Ethiopia governor Yinager Dessie said in an interview...
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