The state enterprises in Ethiopia have generated a total revenue of over 300.5 billion birr (about $8.2 billion) during the budget year of the country concluded July 7, 2020.
Ethio Telecom, the fully state owned telecom monopoly in Ethiopia, has ‘harvested’ 22 billion birr (about $670 million at the current exchange rate) gross profit during the first six months from July 1 to December 31, 2019.
Prime Minster Abiy Ahmed of Ethiopia, who was in a two – day’s state visit in South Africa invited South African businesses to invest in his planned privatization of state enterprises.
Ethiopia’s state enterprises have collected total revenue of 258.51 billion birr (about $9.44 billion) last Ethiopia fiscal year concluded July 7, 2019.
