Ethiopia Military-Linked Group Seeks Asset Sales, Debt Write-Off
- METEC has lost control of some major infrastructure projects
- State group holds equivalent of 9% of Ethiopia’s external debt
Abiy Ahmed
Photographer: Eduardo Soteras/AFP via Getty Images
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An Ethiopian military-linked conglomerate is valuing its assets ahead of the potential privatization of parts of the company while seeking to write off 70 billion birr ($2.4 billion) of debt.