Ethiopia’s ruling party, which has been in power since 1991, said the economic reforms were an attempt to sustain the country’s rapid growth.
The Ethiopian Peoples’ Revolutionary Democratic Front, ( EPRDF), in a statement Tuesday, said government will wholly or partially transfer its shares in state-owned railways, hotels, parks and state-run manufacturing companies to the private investors.
“The greater shares of Ethio Telecom, Ethiopian Airlines, Electric Power Stations and Maritime and Logistics shall be owned by the government, whereas the rest of the shares shall be privatized by local and foreign investors or diaspora,” the statement said.
Since he took over as leader, Ahmed has made several trips abroad initiating the release of Ethiopians detained in places like Djibouti, Sudan and Kenya.
In May, Ahmed also met with Saudi Arabia’s Crown Prince Mohammed Bin Salman which resulted in the Saudi government freeing 1,000 Ethiopian nationals, including billionaire Mohammed Hussein Al Amoudi, local media reported.