Tag Archives: Eritrea Financial System

Eritrea to Re-Start Aggressive Privatization Program

Eritrea's red-hot economy will get an added boost from private sector development
The development of the private sector will boost the already hot economy in the coming years

By TesfaNews,

Following its recent determination to introduce a far-fetched reform in the country’s financial policies, the Eritrean government further announced that it will soon undertake an aggressive privatization process for most of the government owned industrial enterprises.

Minister of Trade and Industry, Mr. Estifanos Habte, disclosed that the privatization process would proceed on the basis of either buying shares or sole proprietorship.

Accordingly, the government will start the sell-off of some of the factories and enterprises under its ownership like Continue reading Eritrea to Re-Start Aggressive Privatization Program