From The Africa Review
The International Monetary Fund has urged the Ethiopian government to allow more private investment in areas of the economy that it normally controls as a monopoly.
A visiting IMF mission has for the last two weeks been meeting with several top government officials to discuss the country’s economy.
Addis Ababa maintains tight control of companies in key sectors such as telecommunications and financial services. (Read: Ethiopia’s trade fears justifiable, but unjust to the poor)
“It would be important to foster competition in areas where public enterprises enjoy monopolies, and gradually withdrawing from sectors where they crowd out the private sector,” Mr S. Kal Wajid, the head of the IMF mission, said in a statement.
Read more at africareview.com