Since 2019, Ethiopia has undertaken a comprehensive reform program to modernize its state-owned enterprises (SOEs), supported by the World Bank. Selected enterprises were assessed for potential capital market listing, attracting private investment while reinforcing transparency and discipline. Ethiopia introduced its first Asset Management Guideline for SOEs, standardizing how public assets are recorded and used in decision-making. Collectively, these reforms are enhancing financial performance and reshaping how public assets contribute to economic growth. The modernization of Ethiopia’s SOEs has transformed them from fiscal burdens into engines of job creation, market development, and private sector engagement.

Source: Ethiopian News April 07, 2026 15:04 UTC