Ethiopia to privatize ten sugar mills

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The Ethiopian government is planning to privatize ten sugar mills in the country. The preparations have begun by the Ministry of Finance in this regard and it has emphasized that this will benefit stakeholders related to the industry.

According to the media report, the process will be done in the phased manner by taking up the privatization of Wolikit, Belas I and II, and Kesem sugar factories.
The Metehara, Finch and Wonji sugar mills will remain as the state-owned sugar mills, informed the Ministry.

Brook Taya (Ph.D.) advisor to the Ministry of Finance said, “We have decided to privatize 10 out of 13 sugar factories. We have done the technical assessment of the current situation of the factories and their performance.”

Ethiopia has decided to privatize ten sugar mills two years ago but has not taken any steps in this direction yet.

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