Ethiopia – Africa’s fastest growing economy - is privatising state-owned firms

It’s a country I first went to a dozen years ago. To go back every year, you literally see the rapid progression… driven by increasing speeds of liberalisation of the economy.
Dr Martyn Davies, Managing Director - Emerging Markets & Africa, Deloitte
One of the best airlines in the world – Ethiopian Airlines, purely state-owned – is going to be privatising… a country that is focussed, to say the least.
Dr Martyn Davies, Managing Director - Emerging Markets & Africa, Deloitte
Ethiopia is one of the fastest-growing economies in the world.
GDP growth rates averaging 10% over the past 15 years have caused its economy to radically transform.
The Ethiopian government has liberalised key sectors of its economy and plans to privatise state-owned companies.
The Money Show’s Bruce Whitfield interviewed Dr Martyn Davies, Managing Director of Emerging Markets & Africa at Deloitte.
Listen to the interview in the audio below (and scroll down for more quotes from it).
Very high infrastructure investment… mostly Chinese finance, but also from other parts of the world…
Dr Martyn Davies, Managing Director - Emerging Markets & Africa, Deloitte
East Africa is effectively becoming near-Asia… they’re moving away from us [South Africa] … The Chinese are building a sphere of commercial and political influence in our region…
Dr Martyn Davies, Managing Director - Emerging Markets & Africa, Deloitte
China as a creditor is pretty lenient. There are political strings, of course… Assets will convert into empire…
Dr Martyn Davies, Managing Director - Emerging Markets & Africa, Deloitte
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
More from Business

What do flatulence-filtering undies (for real) have to do with Donald Trump?
A campaign for a UK underwear producer manages to attach itself to the US presidential transition, earning Andy Rice's hero award.
Read More
If interest rate remains stable, 2021 to bring more surprises in property market
Despite the pandemic, 2020 saw a rally in residential property sales. Andrew Golding examines the trends expected in 2021.
Read More
Top universities offering 1,500 free courses online. Grab the opportunity!
Harvard, Oxford, MIT... We need to take responsibility for keeping ourselves on the cutting edge, says futurist Graeme Codrington.
Read More
Sars drops ball with eFiling changes - 'We're working hard to convert service'
Most online forms have now been migrated to newer technology after Adobe stopped support for Flash Player on 31 Dec, says Sars.
Read More
6 trends that will drag us along in 2021 – life will never be the same again
The future is now different. The Money Show’s Bruce Whitfield interviews trends analyst Dion Chang, the founder of Flux Trends.
Read More
Alcohol ban: Consol, hanging by a thread, burns through millions to stay alive
It cannot stop its furnaces, so it must keep them going. Bruce Whitfield interviews Mike Arnold, CEO at Consol Glass.
Read More
Covid-19 vaccine: Government may have to milk bone-dry taxpayers some more
Treasury is mulling raising taxes, says Prof Adrian Saville, Chief Executive of Cannon Asset Managers.
Read More
Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.
Read More
Wine industry runs out of storage due to ban - R1.5b's worth could be lost
A new harvest is imminent and there's no more space for unsold wine. We have the highest stock level ever - Vinpro's Rico Basson
Read More