The Ethiopian government has called on the private sector to take a leading role in significant economic activities as part of ongoing macroeconomic reforms.
Finance Minister Ahmed Shide stated that the government will concentrate on key development areas while promoting private investment in other sectors. “We cannot engage in all economic areas, so the private sector should step in to drive economic development as part of the reforms initiated a year ago,” he remarked during a discussion with private sector representatives.
This message was reiterated at a finance forum, where Water and Energy Minister Habtamu Itefa urged private investors to seize opportunities in the energy sector, which has become increasingly lucrative due to recent reforms.Additionally, National Bank of Ethiopia Governor Mamo Esmelealem Mihretu expressed optimism about stabilizing inflation, predicting a decline to single digits in the current fiscal year, which began two weeks ago.
The government’s emphasis on private sector involvement reflects a continued shift toward market-oriented reforms aimed at stimulating growth and ensuring economic stability, in response to demands from international partners
Additionally, international stakeholders have urged the government to include the private sector in the policy-making process.
