Ethiopia has officially overtaken neighbouring Kenya as East Africa’s economic giant. Their economic growth since 2015 has been pegged at 10.8% which has helped put a significant gap between them and Kenya. Ethiopia’s economic growth is hinged on public-led spending on infrastructure and a strong demand by locals. It also recently announced huge profits in the area of power supply to neighbouring countries including Sudan and Djibouti. They have also signed agreements to supply Tanzania and Kenya with power as generation capacity increases.

Source: Ethiopian News May 29, 2017 15:22 UTC