Ethiopia\u2019s Public Enterprises have borrowed a total of 780 billion birr loan from local and international banks, Minister of Finance Ahmed Shdie has announced.<\/p>\n
Ethiopian Electric Power, Ethiopian Electric Utility, Ethiopian Railway Corporation, Ethio- Engineering (METEC), Chemical Industrial Corporation, Construction Works Corporation and Ethiopian Sugar Corporation are among the public enterprises that are highly indebted, he said <\/p>\n
According to the Minister, Ethiopian Airlines and Ethio-telecom are among the state run enterprises which are performing well and helping the nation earn foreign currency.<\/p>\n
Ahmed said the enterprises have faced critical problems to operate and ultimately will be out of business unless otherwise their challenges are not rectified quickly. <\/p>\n
All indebted state enterprises will undergo a reform as the home-grown economic reform operates within the framework of the nation’s 10-year economic development strategy, Ahmed added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethiopia\u2019s Public Enterprises have borrowed a total of 780 billion birr loan from local and international banks, Minister of Finance Ahmed Shdie has announced. Ethiopian Electric Power, Ethiopian Electric Utility, Ethiopian Railway Corporation, Ethio- Engineering (METEC), Chemical Industrial Corporation, Construction Works Corporation and Ethiopian Sugar Corporation are among the public enterprises that are highly indebted, […]<\/p>\n","protected":false},"author":269,"featured_media":348858,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-348857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2021\/02\/Ahmed-Shidie.jpg?fit=313%2C161&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1sKJ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/348857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/269"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=348857"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/348857\/revisions"}],"predecessor-version":[{"id":348859,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/348857\/revisions\/348859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/348858"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=348857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=348857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=348857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}