Ethiopia to overtake Kenya as largest East African economy
- Thread starter Inactive
- Start date
- Status
Ethiopia’s attraction as a favorite new destination for foreign investors is fast dissipating as businesses owned by Nigerian billionaire Aliko Dangote and Dutch fruit processors come under attack in growing political unrest.
Last year, investors had been touting Ethiopia as a hot new investment destination, lauding the way the government has ramped up infrastructure spending and embraced foreign capital to propel economic growth at the fastest pace on the continent. That appeal is losing its luster as the protests present the biggest challenge to Ethiopia’s ruling coalition since it gained power by force a quarter of a century ago.
‘Tacit Support’
“Foreign investors are viewed as parties to the regime’s development agenda and part of the wider international community’s tacit support for Ethiopia in spite of human rights transgressions,” Mark Bohlund, an economist with Bloomberg Intelligence in London, said by e-mail. “The attacks are likely to have a severe impact on foreign direct investment in the affected areas in the short term and prompt investors to suspend operations indefinitely until security has been restored.”
http://www.bloomberg.com/news/artic...ppeal-for-foreign-investors-as-attacks-spread
Last year, investors had been touting Ethiopia as a hot new investment destination, lauding the way the government has ramped up infrastructure spending and embraced foreign capital to propel economic growth at the fastest pace on the continent. That appeal is losing its luster as the protests present the biggest challenge to Ethiopia’s ruling coalition since it gained power by force a quarter of a century ago.
‘Tacit Support’
“Foreign investors are viewed as parties to the regime’s development agenda and part of the wider international community’s tacit support for Ethiopia in spite of human rights transgressions,” Mark Bohlund, an economist with Bloomberg Intelligence in London, said by e-mail. “The attacks are likely to have a severe impact on foreign direct investment in the affected areas in the short term and prompt investors to suspend operations indefinitely until security has been restored.”
http://www.bloomberg.com/news/artic...ppeal-for-foreign-investors-as-attacks-spread
I would love to invest in some prime Godey or Qalaafe farmland.
Ethiopia is the future of subsaharan Africa. I can gurantee you that it will pass oil rich Nigeria in the next decade or two. Unbowed, unbroken, the pride of Africa.
of Warder Zone. Itoopiya Tikdem
Ethiopia is the future of subsaharan Africa. I can gurantee you that it will pass oil rich Nigeria in the next decade or two. Unbowed, unbroken, the pride of Africa.
of Warder Zone. Itoopiya Tikdem
Nope with 90 millions mouths to feed(schools, healthcare, housing) the poverty will always be there and add to it the elements of corruption. The ideal way is low population (10 or 15 millions) with good resources that will distribute fairly among the people.
These guys are about to descend into a civilwar if the trend of TPLF rule continues
So much for an economy when their own people want kill the regime.
Ethiopia = Somalia 2.0
So much for an economy when their own people want kill the regime.
Ethiopia = Somalia 2.0
Odeg
Gedo
Ethiopia cant feed its hungry and rely on foreign aid and are inherently corrupt society if thats the pride of africa then africa itself is doomed.
They are burning down the factories and properties to ground
http://nazret.com/blog/index.php/2016/02/14/ethiopia-oromo-protesters-burned-down
http://nazret.com/blog/index.php/2016/02/14/ethiopia-oromo-protesters-burned-down
Even if a civil war pops off in ethiopia they can still fix there country way quicker then somalia ever will 
somalia's issues are deeper then ethiopia's though, we have one ethnic group more divided then a country with a bunch of different tribes. that shit is hard to fix if not impossible. i would say maybe proper education might kill off some of the affects of qabilism but you know somalis are xoolo.Even if a civil war pops off in ethiopia they can still fix there country way quicker then somalia ever will
Hehe don't dream.
Honestly even one country is too many for Somalis. All Somali regions should be American occupied for 50 years and then given their independence back.
We had a chance of Americanization Somalia in 94 but Aidid ruined it for us.
Prince of Lasanod
Eid trim pending
Their problems will never vanish tbh, future looks bleak for them.Even if a civil war pops off in ethiopia they can still fix there country way quicker then somalia ever will
The lies and cover ups are over, this regime has come to an end ladies and gents.
"It is true that, as the editorial board put it, “the United States has long relied on Ethiopia as a partner in the fight against al-Shabab’s terrorism in Somalia and sends the country tens of millions of dollars in development assistance.” But this characterization, which substantially underestimates the amount of aid we devote to propping up this tyranny, implies that we’re at least getting something in return for turning a blind eye to its crimes against humanity.
In fact, when one considers that the regime’s leaders are faking their claims of economic success, covering up the extent of the biggest famine in the country’s history, secretly trading with al-Shabab, embezzling $2 billion every year, enforcing policies that have killed millions of their citizens through neglect and malfeasance, and have perpetrated outright genocide, it becomes clear that we’ve gained nothing that could justify our shameful complicity in this holocaust. Our policy is a strategic failure and a moral stain that history will judge harshly.
David Steinman, New York
The writer is an adviser to
Ethiopia’s democracy movement."
https://www.washingtonpost.com/opin...627&tid=ss_fb&utm_term=.6721bd2daf0e#comments
"It is true that, as the editorial board put it, “the United States has long relied on Ethiopia as a partner in the fight against al-Shabab’s terrorism in Somalia and sends the country tens of millions of dollars in development assistance.” But this characterization, which substantially underestimates the amount of aid we devote to propping up this tyranny, implies that we’re at least getting something in return for turning a blind eye to its crimes against humanity.
In fact, when one considers that the regime’s leaders are faking their claims of economic success, covering up the extent of the biggest famine in the country’s history, secretly trading with al-Shabab, embezzling $2 billion every year, enforcing policies that have killed millions of their citizens through neglect and malfeasance, and have perpetrated outright genocide, it becomes clear that we’ve gained nothing that could justify our shameful complicity in this holocaust. Our policy is a strategic failure and a moral stain that history will judge harshly.
David Steinman, New York
The writer is an adviser to
Ethiopia’s democracy movement."
https://www.washingtonpost.com/opin...627&tid=ss_fb&utm_term=.6721bd2daf0e#comments
Ethiopia is the worlds largest receiver of state aid in the history of mankind.
They receive $12 BILLION, every year just from the U.S alone, in order to pacify and control somalis.
90% of Kenya's foreign direct investment comes from China and NFD+Somalia has been put up as collateral.
As we've all witnessed, they are both puppets/slaves and when they stray too far from their overlords, "reminders" are put in place.
Ethiopia is experiencing all this trouble because they are far too close to china and subsequently dead set on expansionism via our ports (which they want to turn into naval bases,) That threatens all the arabs and what we are seeing is a result of the arabs being back into a corner.
Kenya is experiencing this because they won't support U.S + arabs against habashi due to their old defense pact, and again, also for being too financially close to the chinese.
- Status
