By Nizar Manek, October 17 2019
Government selling off part of telecoms giant, sugar assets
State enterprises took Ethiopia government-guaranteed loans
(Bloomberg) --
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.
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https://www.bloomberg.com/news/articles/2019-10-17/ethiopia-may-use-privatisation-proceeds-to-repay-state-lenders