Wires

Ethiopia proposes cutting sugar tax in privatization drive

ADDIS ABABA, Dec 20 (Reuters) - Ethiopia plans to cut an excise tax on sugar to 20% from 33% ahead of its privatization 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)