The government has announced that it will privatize a broad swathe of public companies

Responding to serious financial pressure and a shortage of foreign exchange, the government has announced that it will privatize a broad swathe of public companies. “But a party in the ruling coalition is calling for an emergency meeting, saying the dramatic reforms were decided on without full consultations. The statement by the Tigrayan People's Liberation Front (TPLF) appears to be the biggest challenge so far for Prime Minister Abiy Ahmed.” The World Bank urged Addis Ababa “to make good regulatory frameworks if it is to reap the economic growth from its privatization.”