In Ethiopia, State Controls Hold Back Waking Giant

When global drinks giant Diageo bought a brewery in Ethiopia, it paid a premium for a stake in a barely tapped African market that in the 1980s had spectacularly failed to feed its own population.
Diageo paid $225 million for state-owned Meta Abo, joining a list of firms seeking a foothold in Africa’s second most populous nation that was once run by communists and now has an emerging middle class after a decade of double-digit growth.
“We paid a premium of course and that …

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