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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