CGTN: Ethiopia announced that it would partially or fully privatize some of its state owned firms

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Ever since Ethiopia announced that it would partially or fully privatize some of its state owned firms, including Ethiopian Airlines, the region has been abuzz at the prospect of getting access to one of Africa's most closed economies.

The country doesn't often update its position on foreign currency reserves, but it had $ 3.2 Billion in reserve by end June, 2017, equal to about 2-months worth of imports.

Earlier, CGTN's Ramah Nyang spoke to the Director-General for Central & Eastern Africa at the African Development Bank. He started by asking him what prompted the sudden change of policy.

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