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:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Foreign consultants deliberately maimed Sars. They must pay, says SA consultant

Foreign consultants deliberately maimed Sars. They must pay, says SA consultant

Consultants have an ethical duty. When things go wrong, they must pay back the money, says The Change Consulting Group.

'If you grow up with nothing, you want to look rich too soon'

'If you grow up with nothing, you want to look rich too soon'

Bruce Whitfield interviews Joe Public’s Pepe Marais about his attitude to money (hopes and fears, successes and failures, etc.).

Nando’s is the boss of Pick n Pay ('iNkukhu'),  says ad expert Andy Rice

Nando’s is the boss of Pick n Pay ('iNkukhu'), says ad expert Andy Rice

“Pick n Pay dug themselves a hole, then jumped into it,” says branding and advertising expert Andy Rice.

'The baby is lying there, and she just starts hitting him, seven times!'

'The baby is lying there, and she just starts hitting him, seven times!'

Police expect to make arrests after a video surfaced of teachers assaulting a baby and small children at a Randfontein creche.

Small business owner, nobody will save you!

Small business owner, nobody will save you!

There are no shortcuts. Beware of "White Knights and Silver Bullets", warns Aurik Business Accelerator founder Pavlo Phitidis.

10 unexpected things that most truly rich people have in common

10 unexpected things that most truly rich people have in common

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.

Popular articles
We bought 2 corrupt businesses back in 2012 - Stephen van Coller (CEO at EOH)

We bought 2 corrupt businesses back in 2012 - Stephen van Coller (CEO at EOH)

If EOH didn’t make those mistakes, the company would have no debt today, laments its CEO, Stephen van Coller.

'Realistically, load shedding may continue for whole week,' says Eskom COO

'Realistically, load shedding may continue for whole week,' says Eskom COO

The power utility's Chief Operating Officer Jan Oberholzer, explains why the power utility is implementing a power outage.

[WATCH] Greta Thunberg’s speech and Fatboy Slim’s 'Right Here' mix goes viral

[WATCH] Greta Thunberg’s speech and Fatboy Slim’s 'Right Here' mix goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

It's VW, but not as you know it - Why did Volkswagen change its logo?

It's VW, but not as you know it - Why did Volkswagen change its logo?

John Maytham asks what's behind Volkswagen's new-look logo...

Eusebius slams humourous reactions to Bishops teacher's sexual affair scandal

Eusebius slams humourous reactions to Bishops teacher's sexual affair scandal

The teacher has resigned following allegations that she was involved in a sexual relationship with an 18-year old pupil.

5 retirement saving tips for those who left it late

5 retirement saving tips for those who left it late

It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Job hopeful caught cheating during his Skype interview

[WATCH] Job hopeful caught cheating during his Skype interview

Khabazela shares tweets and Facebook posts that have gone viral.