Author Archives: eba

15

Oct

Natural Resources and Conflict in Africa: Isolating Facts from Fiction

Evolutionary biologists have long argued that competition over scarce natural resources is one of the key drivers of violent conflict within and across species. The competition in Africa appears to be over the revenue generated from scarce natural resources which often leads to violent conflict. Chilling examples of conflict in Angola, Democratic Republic of Congo, Rwanda, Sudan and other resource rich regions of Africa often tempts scholars into arguing that...

14

Oct

Foreign firms to get a piece of Ethiopia’s financial sector

The National Bank of Ethiopia (NBE) has allowed local and foreign private companies to engage in one of the more modern businesses in the financial sector, the capital goods leasing business, The Reporter learnt. Governor of NBE, Teklewold Atnafu, told The Reporter in an exclusive interview that any Ethiopian or foreign citizens who seek to engage in the capital goods leasing business can take part after fulfilling the requirements, as...

14

Oct

EM investors need Ethiopia on their shortlist

Many emerging markets, especially in sub-Saharan Africa, have seen solid GDP growth in the past decade driven mainly by natural resources. But with falling commodity prices and Chinese demand dwindling, those with overly resource-dependent economies are being caught. Companies seeking to invest in emerging markets should be on the lookout for those countries that have invested in diversifying their economies. That will often mean having Ethiopia on their shortlist. In...

14

Oct

What happened at the Addis financing for development conference?

Concepts, constraints, and conquests. These three words keep popping in to my head as people ask me how things went at the United Nations’ major financing for development (FFD) conference last week in Addis Ababa, Ethiopia.  Allow me to explain why. Concepts Addis was probably the most earnest international summit I have ever attended. Most political pronouncements were muted. The event seemed to frame a natural deadline for establishing a...

9

Oct

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8

Oct

A Unique Economic Strategy Delivering High Growth

Over the last decade, Ethiopia has made remarkable progress in its economic growth exceeding other low income and Sub-Saharan African countries, with real gross domestic product (GDP) growth averaging 10.9 percent in 2004-2014. Ethiopia has moved from the second poorest in the world in 2000 and, if it can keep the current pace, it’s on its way towards becoming a middle income country by 2025. Ethiopia’s growth strategy stands out...