| Ethiopia Considering Partial Privatization for Shipping Enterprise - PM
January 17, 2017 - During his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is in the process of selling shares of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE), which is the only state run company that owns commercial boats in Africa, to an undisclosed company, according to Capital.
The PM explained that the costs of inland transportation out way the costs of transportation by sea because of logistical issues and the cost of moving freight in Ethiopia. He pointed out that, “the newly inaugurated
| Cars Too Expensive in Ethiopia
January 16, 2017 - Owning a car for many Ethiopians - even those with ready cash to spend in one of the world's fastest-growing economies - remains a pipe dream.
"I have been saving for nearly four years now, and I still can't afford to buy even the cheapest vehicle here," a frustrated Girma Desalegn tells me.
He has been shopping around for a whole week in capital, Addis Ababa, and has still not found an affordable car.
He is looking to buy a second-hand car imported from the Gulf states or Europe - but even they are prohibitively expensive because the government classifies cars as luxury goods