investor checkEthiopia has suspended plans to privatize the country's national carrier, the country's finance minister told a press conference on Tuesday October 12th. The privatization of Ethiopian Airlines, the continent’s most successful carrier, was part of a larger set of economic reforms that will see the country’s telecoms, logistics and other critical sectors privatized. Ethiopian flights have been on average 40% full since the gradual resumption of passenger flights, its CEO told Bloomberg in early October. The decision to suspend the privatization of Ethiopian Airlines halts one of the most anticipated plans in Prime Minister Abiy Ahmed’s rapid economic reforms. READ MORE Ethiopia/Egypt/Sudan: Trust, linkage, and cooperation can end dam disputeUnlike Ethio Telecom whose service delivery is wanting, Ethiopian Airlines has prospered and is now a critical diplomatic tool for Addis Ababa.

Source: Ethiopian News October 16, 2020 10:07 UTC