Ethiopia’s growing economyIt was Ethiopia’s late President Meles Zenawi who crafted Ethiopia’s ambitious goal of becoming a lower middle-income country by 2025. Ethiopia’s investment in infrastructure and manufacturingEthiopia is driving economic growth through the government’s laser-like focus on sectors such as manufacturing, energy and infrastructure. However, Ethiopia’s most consistent economic risk factor is its historically weak private sector. Ethiopia’s policy of “state-led capitalism” has prevented the emergence of a strong private sector, especially when compared to regional peers such as Kenya where the dynamic private sector is driving growth. As such, Ethiopia’s ability to maintain consistent economic growth will be tied to its ability to integrate marginalised communities who need to be persuaded that they too have a stake in Ethiopia’s bold, new future.

Source: Ethiopian News February 04, 2018 18:22 UTC