Monday
February 25
2019

Ethiopia’s reforms spark ray of hope for struggling businesses doing good

By Nita Bhalla

A wave of economic reforms in Ethiopia since Prime Minister Abiy Ahmed came to office nearly a year ago has sparked hope among social businesses struggling to grow under the east African nation’s heavily regulated economy, industry experts said.

Since April, Abiy’s government has announced shake-ups across industries, including plans to open up the once closely guarded telecommunications and power monopolies.

Ethiopia has also loosened government control of the economy by opening its logistics sector to foreign finance and finalizing reforms in its underdeveloped mining and oil sectors to encourage more foreign investors.

Photo courtesy of Internews Europe.

Source: Reuters (link opens in a new window)

Categories
Entrepreneurship
Tags
business, economic development, emerging markets, public policy, social business, social enterprise