Government of Ethiopia to privatize all Sugar projects – 4th July 2019

The Ethiopian Sugar Corporation (ESC), a government owned entity, plans to privatize ten partially completed sugar mills and three older mills that are operating in some capacity.  In 2010 the ESC started an ambitious plan to construct ten new mills at a cost of more than two billion USD. Shift to today, nine years have passed, and the ESC finds itself in financial crisis with ten partially completed mills.  Privatizing the sugar sector will bring some much-needed funds into the GOE’s coffers.  …