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Ethiopia to sell eight sugar factories

Sugar

The privatisation of sugar firms in Ethiopia is expected to reduce reliance on the exchequer for funding. PHOTO | FILE

By  James Anyanzwa  &  Tesfa-Alem Tekle

Ethiopia is targeting to wean local millers off state budgetary support and improve local production with the sale of eight sugar factories.

This week, the government announced Ernst& Young LLP will advise on the sale of the sugar millers.

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