Ethiopia Could Sell Airline Hotel, Airports in Investor Hunt
- Disposals would be ahead of a potential stake sale in carrier
- New leader Abiy is opening nation up to foreign investors
Photographer: Jenny Vaughn/AFP via Getty Images
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Ethiopian Airlines Enterprise is emerging as the flag bearer of plans by Africa’s fastest-growing economy to open up to foreign investors after decades as a closed shop.
While new Prime Minister Abiy Ahmed’s ruling politburo has said a minority stake in the continent’s largest carrier could be up for grabs, Chief Executive Officer Tewolde GebreMariam now adds that related assets such as airports and a five-star hotel could also be sold off. That would give investors an opportunity to take ownership in businesses that were nationalized in the 1980s under the former Communist Derg regime.