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Ethiopia

Uncomfortable Truths

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Ethiopia is now Africa's fastest growing economy
“ Ethiopia has averaged around 10% economic growth, according to the IMF.
To boost the economy, the country is pursuing a number of large-scale infrastructure projects,
including the Grand Renaissance Dam and a railway network.

"(Ethiopia) has had a very high growth rate and I think that's a result in large part of a very
concentrated effort by the government to boost industrial production and manufacturing," said

Vijaya Ramachandran, an economist at the American think tank Center for Global Development
(CGD).
Ramachandran, along with three academics, released a report suggesting Ethiopia can follow

in China's footsteps, and become a destination for low-wage manufacturing jobs. “
"Ethiopia Is Now Africa's Fastest Growing Economy." 125
Chris Giles, CNN,. (April 2018)

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Ethiopia Invites Investment from Diaspora, and Beyond
" In the midst of unprecedented political and social reforms, Ethiopia has a message for its
diaspora: The country is open for business.

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Officials hope many will invest in Ethiopia, but they see a special role for the diaspora.

"We may tell them: 'This is what we have.' But with their exposure and experience, they may see
beyond," Fitsum said. "Their connection to such a huge, important market as the U.S. gives

them an export opportunity [and] network opportunities," he added. “
"Ethiopia Invites Investment from Diaspora, and Beyond" 126
Voice of America." (July 2018)
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“ According to the 2011 UK Census, there were 15,058 Ethiopian-born residents in England, 151

in Wales, 258 in Scotland, and 27 in Northern Ireland. Of this total of 15,494 Ethiopian-born
residents, 10,517 lived in Greater London. “

"Ethiopians in the United Kingdom." 127
Wikipedia

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Top 5 fastest-growing economies in Africa

Ethiopia (8.5% GDP growth rate)
“ Efforts to modernise Ethiopia's economy have paid off. A wave of privatisation, with state-
owned companies being sold to overseas investors in China, saw FDI growth hit 27.6 percent in

2016/17. The Ethiopian Government has also stepped up to the plate with substantial state