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Ethiopia Intends to Privatize Sugar Factories

The government says it will first sell a half-dozen of the sugar monopoly’s holdings, followed by seven other processing plants and plantations, expecting the new owners to boost production and turn Ethiopia into a net exporter of sugar.  The ministry says roughly two dozen companies from at least 10 countries are considering bids, with the first sales coming by June—though the entire process will likely extend into next year.

SOURCE: BLOOMBERG