Africa: From Fiscal Burden to Job Engine – Ethiopia’s State-Owned Enterprise Transformation
STORY HIGHLIGHTS Starting in 2019, the World Financial institution supported a complete reform program that established Ethiopia’s first state-owned enterprises (SOEs) database, whereas strengthening oversight and updating the authorized and governance framework. The SOEs have shifted from absorbing public funds to producing them, contributing a mixed ETB 117 billion (roughly $720 million) to the nationwide…