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.
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:
The University of Pretoria's Centre for Entrepreneurship has launched a free National Support Portal for SMMEs.Read More
The Yoco Small Business Recovery Monitor is a live, publicly available, small business transaction data resource.Read More
Domestic workers and gardeners are allowed back at work this week, as lockdown restrictions relax under Level 3.Read More
Level 3 of lockdown started this week and business is picking up.Read More
National and business leaders have had to make some difficult decisions and will be expected to make many more as the crisis continues.Read More
The Purchasing Managers' Index remains dismal, stuck, depressed - suggesting subdued activity.Read More
As expected, the total lockdown that was in force resulted in almost zero vehicle sales.Read More
Covid-19 and the lockdown is a highly complex situation that will require new thinking that evolves over time.Read More
JB Media and Yooh Media have taken up the task of helping small businesses with advertising on their digital billboards.Read More
Transport Minister Fikile Mbalula outlined the relaxation of transport regulations under Level 3 of the national lockdown during a media briefing on Saturday.Read More