Skip to content
Subscriber Only

Ethiopia May Use Privatisation Funds to Repay State Lenders

  • Government selling off part of telecoms giant, sugar assets
  • State enterprises took Ethiopia government-guaranteed loans
Updated on

Ethiopia may use some of the proceeds from part-privatizing 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 Horn of Africa country’s telecommunications monopoly would enable the government to recapitalize state-owned enterprises so they can repay borrowings, National Bank of Ethiopia Governor Yinager Dessie said in an interview.