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Article: Rolling back the state. (Ethiopia)(East Africa)
- Article from:
- African Business
- Article date:
- January 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ethiopia's economy is undergoing massive changes as the Government follows the free market path with growing alacrity. Andrew Lycett reports on the privatisations and anti-corruption drives that are marking the new era.
Pressing ahead with its commitment to liberalise the top heavy, state-dominated economy, the Ethiopian Government announced in November last year that it had raised $53.5m by selling a variety of state enterprises, including hotels and factories.
Leading the way in the privatisation stakes is Mr Mohammed Ali Alamudi, a half Ethiopian and half Saudi Arabian businessman. Already one of the bigger players in Ethiopia's economic renaissance (he ...