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Africa, News

Ethiopia proposes cutting sugar tax in privatisation drive

ADDIS ABABA (Reuters) – Ethiopia plans to cut an excise tax on sugar to 20% from 33% ahead of its privatisation of the sugar industry, according to a draft law in parliament, part of efforts to open up one of Africa’s most closed economies.

(Reporting by Dawit Endeshaw; Writing by Maggie Fick; Editing by Edmund Blair)

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