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Ethiopia will break Ethio Telecom into two businesses as it prepares to open the state-owned enterprise to foreign investment and partial privatization, Reuters reported June 17, citing a report by state broadcaster Fana, later confirmed by Finance Minister Eyob Tekalign Tolina.
Ethiopia held investment forums across multiple countries this week that saw participation by various multinational corporations, such as Orange and Citibank, among others, the Addis Standard reported May 17.
Nearly three decades after it lost its navy, East Africa's biggest heavyweight wants to reestablish an armed maritime fleet. In so doing, though, its lack of sea access will be only one of its problems.
With foreign companies salivating at business opportunities in Africa, and Ethiopia in particular, France's president is leading a trade delegation to Addis Ababa and neighboring capitals in the hopes of sealing some deals.
The United States isn't making the progress it wants in its attempts to negotiate with its trading partners, so it is moving forward with major tariffs on steel and aluminum -- just as other countries are preparing to challenge them with countermeasures and complaints to the World Trade Organization.