Ethiopia Could Sell Airline Hotel, Airports in Investor Hunt

  • Disposals would be ahead of a potential stake sale in carrier
  • New leader Abiy is opening nation up to foreign investors

By Nizar Manek, 25 July 2018
(Bloomberg) --
Ethiopian Airlines Enterprise is emerging as the flag bearer of plans by Africa’s fastest-growing economy to open up to foreign investors after decades as a closed shop.
While new Prime Minister Abiy Ahmed’s ruling politburo has said a minority stake in the continent’s largest carrier could be up for grabs, Chief Executive Officer Tewolde GebreMariam now adds that related assets such as airports and a five-star hotel could also be sold off. That would give investors an opportunity to take ownership in businesses that were nationalized in the 1980s under the former Communist Derg regime.
(450 words)
https://www.bloomberg.com/news/articles/2018-07-24/ethiopia-could-sell-airline-s-hotel-airports-in-investor-hunt