Ethiopia allows Chinese firm to acquire unspecified stake in state-owned Shipping and Logistics Services Enterprise

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Awramba Times is a US based online journal providing up-to-date news and analysis about Ethiopia email us: editor@awrambatimes.com

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19 Responses

  1. ethoash says:

    sometime i wonder how Ato Kebour Ghenna become president of Addis Ababa Chamber of Commerce without understanding the basic understanding of trade

    who told this guy govt. selling SHIPPING ENTERPRISE… What the govt. saying is they r selling share guess what 51% were owned by USA firm … SO what is the problem i know people think china over taking Africa but what did US FARM did for Ethiopian shipping for almost 40 years beside Ethiopia having two ship … even before china joining our shipping enterprising they r helping us develop our shipping line so if they come as partner they dont only come with money but with skill and knowledge that … more then important then the money …

    again ESL should also forces in building smaller ship or boat that goes to Arab countries we dont need big ship to go to Arab country so if we build smaller boat we can become more effective

    the whole Africa doesnt have shipping line we Africa should be trading each other to this end we need a lot of ship so Ethiopia can build ship and export it to other African country by partnering with China we should not see it with limited eyes we have to look at it beyond Ethiopia …

    • haddish says:

      Ethoash,
      Apart from your claptrap, Why is the whole process not transparent? why there were no debates and convincing explanation to the public?
      What is next EAL? don’t you think Ethiopian telecom worth selling for ‘technology transfer and efficiency’???

      Kebour Ghenna, former president of Addis Ababa Chamber of Commerce is a professional in this field and knows perfectly well what he is talking about.

      What experience or relevant knowledge do you have to judge and belittle the former president of Addis Ababa Chamber of Commerce?

      BTW, Ethiopian Shipping and Logistics Services Enterprise (ESL) is 100% state owned..( 51% of the US ownership was bought back long time ago)

      • ethoash says:

        haddish

        yes u r right i might not know better then ato Kebour Ghenna …. but i know one think crown or government own industry they dont have to open their book to the public they r not share company where their book is open yes they might have audit but that doesnt mean the guy who audit them going to show the book to everybody … if Ato kebour Ghenna doesnt know this then i dont know too somebody who know should come and tell us … all i know is under Ato kebour nothing done now something done he is try to stop the change no way we moving a head

  2. Dereje says:

    Ato Kebour Ghenna has a point. The government has the obligation to make sure the decision to offer stake is in the best interest of the public and the price received is the market price. The only way to ensure that is to have a transparent process and a competitive bid.

  3. Zak sai says:

    Save Ethiopian Airlines, most of the state enterprises have to be sold, partially to rid of the nepotism.corruption and inefficiency. The government can sell stock to the public and or keep of whatever ownership it deems vital. Telcom and energy could be run by sophisticated operators with majority ownership being kept local. Foreign banks should be allowed to operate on a limited basis. Stock and bond markets are a must.

  4. Nsba says:

    ትክክለኛ ውሣኔ ፡፡ አሁንም ቢሆን የቁጥጥር ስርአትን ዘርግቶ የውጭ ባለሀብትን መሣብ የሥስፈልጋል ፡፡ በመንግስት ከለላ የተሠጠው የሀገር ውስጥ ባለሃብት ዋጋን በማናር ሸቀጥ በመደበቅ ፥ በሠንሠለት በመስራት መንግስትን ከህዝብ እያጣለሠ የኢኮኖሚ ሸር እየሠራ ነው ፡፡ መንግስት ሆይ ንቃ -የዘጋኸውን ሁሉ ክፈት ፡፡ የሀገር ወሸስጡ ነጋዴ ህዝብን አማሯል ፡፡ ዋ ብላለች አሞራ

  5. nana says:

    ምክር ለመንግስት
    መቶ ሚልየን ህዝብ በጥቂት ነጋዴ መልካም ፍቃድ ስር ወድቋል ፡፡በጊዜ ንቃ ፡፡
    ከኬንያና ደቡብ አፍሪካ ትምህርት ቅሠም ፡፡ የመሠረታዊ ሸቀጥ ዋጋን ነጋዴን በመከላከል ማውረድ አይቻልም ፡፡ የውጭ retailers ያስፈልጉናለሸ ፡፡ ንቃ

  6. Geeee says:

    I was just reading the article and the views of the exchamber of commerce chief and what come to my mind is 1) the government always use the transfer of technology and work eithic of foreign firms to sell the state own( run) firms, but with out any discussion with the news media and any locally wealthy investors ahead of agreement then it makes you wonder where is the renewal Tehadiso or transparency? 2) why this called ex commerce officer waited until the deal is done to bring the issue or is it a political jab to instigate because he is not there anymore? There was a clear picture that I understood from this 1) we Ethiopian can not do the job 2) we are infested with down greasing each other than help each other 3) we do not leave ourselves from if I don’t do it for you whatever done is wrong as it shows, I hope the government answers to why they’re doing this soon, let the media do its work of investigation!!!

  7. Mez says:

    Greetings:
    I thik the Ethiopian government is taking precautionary measure againest any Egyptian attack on these properties. An Egyptian General is on the record saying: they destroyed in the time of Military Regime an Ethiopian Ship on International Waters for containing parts for the construction of the TANA BELES project in Ethiopia.

    So the government have a very important point. Probably more may come including the Ethiopian Airlines…

    I have no Idea if His Exelency Ato Kebour is aware of the whol new dynamcis….

  8. Papa Tango says:

    The question is how much tplf benefit behind this transaction.

  9. asrat says:

    If the Ethiopian government has to sell something is then the dull Ethio Telecom. It is not efficient and is very open for”kiray sebsabiwoch”. Leave the ESL free and let it compit with the world market as EAL is doing. Selling out such a profitable enterprise is grave danger to the ethioan economical sovereignty!

  10. Yoni says:

    It isn’t a rocket science…the enertprise is in desperate mode to keep up with growth, times are a bit rough and everything is up for a bid
    Most importantly Business deals create alliances.
    The options are between the declining Neo Liberals, The unworthy Wahabists, and the humble, trusted, tested, valued, loyal and the super power Chinese.

  11. World Peace says:

    I do not understand why Ethiopians are serperize this time, tplf is selling every thing from the time taking power in 1991.The whole Gambela in the name of investment and giving the port of Assab to Ertreia.

  12. Tadesse Workneh says:

    This whole argument sounds like loosing the whole elephant and then arguing about what to do about the tail. Ethiopia lost two ports and a number of its ships and now people are bickering about a service operation! Too late too little!

  13. ዲሞክራሲ says:

    የወያኔ ታሪክ አስተማሪዎች ራስ ዳሻን ተራራ ; ተገዴ : ላሊበላ እና ወዘተ ትግራይ ናቸው ብለው ስላስተማሩ ቤት ኪራይ እንደሚከፈልላቸው ተነግሩዋል::
    ወያኔ ባለፉት አስር አመት ብቻ 20 ቢሊየን ዶላር ብድር በህዝብ ስም በሙስና ከፈንጅ ሃገር ተበድሮ ለግል የበላውን ከሃያ አመት ወይም ከሰላሳ አመት በሁዋላ ያልበላው ትውልድ ይከፍልልናል ብለው የሚያስቡ ከሆነ ተሳስተዋል::
    ትግሬ የበላውን ትግሬ ይከፍል::
    ትግሬ የበላይ ነው ምናምን የሚል የገማ ከፋፍለህ ግዛ አገዛዝ የተጀመረው ወያኔ አዲስ አበባ ከገባ በሁዋላ ነው:: ሃይለስላሴ 50% ኦሮሞ : 25% ጉራጌ : 25% አማራ ነበሩ:: የሃይለስላሴ ወታደር መሪዎቹ ከሁሉም ዘር ነበሩ :: መንግስቱ ሃይለምርያም ቢሆን 50% ኮንሶ: 25% አማራ: 25% ኦሮሞ ሆኖ ሳለ :: የመንግስቱ ወታደር መሪዎቹ ከሁሉም ዘር ነበሩ:: መንግስቱ እና ሃይለስላሴ አማራ ነበሩ የሚለው ጉድ ራስ ዳሻን ተራራ በትግራይ ነው ; ተገዴ በትግራይ ነው : ላሊበላ በትግራይ ነው እና ወዘተ ትግራይ ናቸው ከሚለው የወያኔ ትምህርት ቤት የታሪክ አስተማሪዎች ሙስና ወንጀል የተለየ አይደለም::

  14. Denderede says:

    Some years ago the music was building x-,y-,z-shipps in China for ethiopia. Now the chinese take their share. It means China built ist shippingline in the name of ethiopia. It is starting, ,,the apetite comes when you start eating!,, China will buy everything that belongs ethiopia. We will be under chinese colony. If not the other vultures come acros to compete with China and take everything which will be profitable, like banking, telekommunikation, energy sector and transportation, specialy the ethiopian airlines. Finaly they will destroy our country and any gov`t who resist this will have no life. Ethiopians should say no for such hiden deals!. I am affraid of the consquence of this deal as apitiser for others and as a test of the ethiopian gov`t to see how the ethiopians at home react. It may open the door of ignorance and give it the gut to sell all i mentioned above. O my God! God help ETHIOPIA! Cia i am frustrated!

  15. SELAM YIHUN says:

    I fully agree with points and concerns mentioned by Kebour Ghenna. Am also against the idea of selling ESLSE’s share. ESLSE is a strategic company both for the economy and political interests of the nation. Unless and otherwise the engine behind is something which is not overt to many,any failure and lack of efficiency in the company is attributed not to the lack of knowledge and professionals in the local market but wrong decision made by the government to run the industry by politicians and cadres with nil background in the industry. Strongly believe ESLSE is very much strategic to the economy than EAL. On the contrary it is the most neglected company by the government. If it is to be sold partially, suggest disintegrating the merger and leaving the national carrier to be under full government ownership and proceed with the other two wings:-terminal operation and forwarding. Another important point that needs deep thought is the protection policy given to ESL for the import cargoes .If the sell on share is going to materialize, government will be left with no strong pillars of arguments to challenge international communities like IMF/WB and others to convince and withhold the policy. If the policy is lifted, ESL won’t survive in the market not for years but even for months. In the current very difficult time for shipping, let alone ESL who owns hand full of ships with very small capacity, huge lines like Hanjin has already been swallowed by the challenges faced. And this will lead to the collapse of the company which was preserved for decades even under very difficult situations. Seeing the demise of this flag carrying icon is painful to watch and witness. So beg the policy makers to revise their position and look for other practical solutions that will benefit the company and the nation at large. B/S selling the share won’t be a panacea for the problems on the ground in the sector.

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