"There are tons of stories on the failure and economic crises resulting from ill-advised privatizations"

The government has announced that it will privatize a broad swathe of public companies. Companies to be privatized include Ethiopian Airlines, Ethio Telecom, ESLSE, railways, power plants, industrial parks, sugar factories, hotels and other assets. But Getachew Alemu, an investment and development consultant with over 13 years of experience in government and the private sector, notes that “there are tons of stories and researches on the failure, chaos and economic crises resulting from ill-advised privatizations done in developing countries from Asia to Latin America.”