Africa: From Fiscal Burden to Job Engine – Ethiopia’s State-Owned Enterprise Transformation
STORY HIGHLIGHTS Beginning in 2019, the World Bank supported a comprehensive reform program that established Ethiopia’s first state-owned enterprises (SOEs) database, while strengthening oversight and updating the legal and governance framework. The SOEs have shifted from absorbing public funds to generating them, contributing a combined ETB 117 billion (approximately $720 million) to the national budget…
