Ethiopia (TPLF): Privatizing EFFORT: why & how? — Ethiopian Think Thank Group December 1, 2017
Posted by OromianEconomist in Uncategorized.Tags: EFFORT, Ethiopia, Political & Economic Corruption, TPLF, TPLF/EPRDF Ethiopian Regime is a Contra to a Developmental State
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Why privatize it? Because they now realize they are likely to loose political power and the new power holders whoever they might be will be tempted to nationalize the EFFORT conglomerate. So privatizing it before hand is a preemptive measure. They assume no new regime will be brave enough to nationalize private company. Note that although privatized the company will continue to fulfill its founding objective…allow Tigrean elites dominate the economy. They new ‘private’ owners will be party leaders, relatives and loyalists who will own it on behalf of the oligarchy.
TPLF leaders are planning to transfer EFFORT to their individual ownership in the name of make it IPO, document reveals. Remember they claim EFFORT was established by money they got from Western donors due to the 1980s drought and meant to rehabilitate war affected people of Tigray. In reality most of the seed money was […]
via Privatizing EFFORT: why & how? — Ethiopian Think Thank Group
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