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Ethiopia not ready to liberalise key sectors yet

06 March 2012, 11:02

Nairobi – Ethiopia insists that it will maintain a foothold on some key sectors despite increased calls from neighbouring countries to open them up.

Ethiopia’s Prime Minister Meles Zenawi contends that his government is aware of the pros and cons of employing protectionist measures but still intends to maintain its monopoly in industries such as telecommunications, power, finance and logistics with the aim of protecting its citizens against exploitation.

“This (protection) is not intended to keep away anybody and it is not based on paranoia. It has everything to do with creating a little bit of space for unemployed Ethiopian youth to learn to do business and accumulate a little bit of money,” he emphasised.

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