Ethiopia revokes plans to privatize national carrier –Ethiopian airlines

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In a press conference it held to brief media on its first quarter performances, the Minister of Ministry of Finance, Ahmed Shide said the government has revoked the process of partial privatization of Ethiopian Airlines.
The minister underlined that the cancellation of the partial privatization of the airlines is attributed to its growing global reputation and profitability.



Briefing journalist at the press conference, the finance minister added that Ethiopia has witnessed a slight reduction in inflation over the last there months.



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He said the country has secured $474M in grant and loan. The minister said out of the total foreign aid $131M has been gained from Japan and Germany in support of the fight against the coronavirus pandemic.
Fanabc

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