After a day long meeting by the 36 Executive Committee members of the ruling Ethiopian People’s Revolutionary Democratic Front (EPRDF) a statement released by the politburo said Ethiopia will fully accept the December 12, 2000 Algiers Agreement, a peace agreement between the governments of Eritrea and Ethiopia, which established a special boundary commission, the country’s Addis Standard reports.
#Ethiopia also to sell minority shares in mega state owned enterprises including, the national carrier Ethiopian Airlines, state monopolies Ethio-telecom & Ethiopian Shipping and Logistics Service Enterprise, mega hydroelectric projects to both Ethiopians ans foreign investors. pic.twitter.com/sgIhmgDuVq
News update: #Ethiopia accepts the #AlgiersAgreement in bid to normalize relations with #Eritrea; opens up its economy https://addisstandard.com/news-update-ethiopia-accepts-the-algiers-agreement-in-bid-to-normalize-relations-with-eritrea-opens-up-its-economy/ … Eritrea had accepted EEBC’s decision & refused to submit to further negotiation without the acceptance by Ethiopia of EEBC’s decision pic.twitter.com/1n271rRlg4
Ethiopia has agreed to fully accept the Ethio-Eritrea boundary commission which ruled the disputed territory of Badme to be Eritrean territory. This is critical for the two countries & the broader Horn. Very smart move by Ethiopia. Now, the ball is in Afeworki’s court.
In a stunning departure from its own economic policy, the EPRDF has also decided to transfer shares in mega state owned including the national carrier Ethiopian Airlines, state monopolies Ethio-telecom & Ethiopian Shipping and Logistics Service Enterprise, and hydroelectric projects both to Ethiopians and foreign investors. The government will continue having a majority share in these companies.
The executive committee spent much of the day discussing the two year and half performance report of GTPII, which revealed shocking details about the dismal state of the economy.
Victor Muisyo/Africa News