Ethiopia: Africa’s new economic powerhouse

Mistari Yangu

By Florence Gichoya

Ethiopia is a country of many contrasts. Africa’s most populous land locked country, is a rising economic powerhouse, recording the highest economic growth rate in the continent. But then again, Ethiopia performs dismally in the area of democracy and press freedom. The country’s parliament is deficient of opposition MPs. The ruling party, Ethiopian People’s Revolutionary Democratic Front (EPRDF), and its allied parties, won all the 546 parliamentary seats, in last year’s May elections.

Still, the state driven economy is upbeat and trounces many African countries, which are either grappled with conflict, corruption or hostile political environment that is unfavorable for investors.

There is an unstoppable construction boom. In 2013, Africa’s biggest wind farm was built in the south of Addis Ababa. The 324 MW wind power will address the growing energy demand for domestic and industrial use. Another mega project is the construction of the 6, 000…

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