Ethiopia, Africa’s second-most-populous country and the continent’s fastest growing economy, is inviting big business to cash in. The bonanza will extend to railways, sugar mills and industrial parks, with the top brass of the ruling party embarking on long-awaited market reforms. “Ethiopia’s market size speaks for itself,” Jacques Nel, an analyst at NKC Africa Economics, said by phone from Paarl, South Africa. “Poised with new dynamic leadership, economic liberalization, mega infrastructure projects, near-double digit growth, and attractive demographics Ethiopia may well be Africa’s sleeping giant for foreign investors,” Philippe de Pontet, a senior fellow at DaMina Advisors, said in a note. “Foreign investors won’t be able to independently make their decisions -- they’ll have to always consider the government’s longer term development strategies.

Source: Ethiopian News June 06, 2018 12:50 UTC