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Ethiopia Is Now Africa's Fastest Growing Economy - Foreign Affairs (2) - Nairaland

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Niger Becomes The 4th Fastest Growing Economy In The World / Ethiopia Is Now Africa's Fastest Growing Economy -CNN / Morocco Is Testing Africa's Fastest Train, Targeting 200mph(Photos) (2) (3) (4)

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Re: Ethiopia Is Now Africa's Fastest Growing Economy by Debazent: 7:10am On Apr 25, 2018
The only problem we have in this country is bad leadership,Nigeria have the resources to be part of the top 20 growing economy in the world,but where are we today,because of greediness by our leaders.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by NairaMaster1(m): 7:10am On Apr 25, 2018
Without oil.

Buhari why?

1 Like

Re: Ethiopia Is Now Africa's Fastest Growing Economy by NairaMaster1(m): 7:13am On Apr 25, 2018
Kingspin:
We are among the happiest people on earth because Nigeria is the only suffering and smiling people the world discovered.

Thank you.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by CYBERGHOST007(m): 7:15am On Apr 25, 2018
MuyiRano:
I'm only here to celebrate Mo Salah for his heroic performance yesterday.
The best player after Messi
Enemies, blinded enemies. Messi that can't deliver Barça from the hands of the Roman now automatically become your world best.

Jealousy will not kill u
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Bsingle(m): 7:15am On Apr 25, 2018
Lobatan!
Re: Ethiopia Is Now Africa's Fastest Growing Economy by NairaMaster1(m): 7:17am On Apr 25, 2018
chinedubrazil:
You think bringing this up will solve our own economy system??

The day we will learn to elect leaders without sentiment, is the beginning of better growth for this nation..


Our brothers up there won't allow this. So painful.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by NairaMaster1(m): 7:20am On Apr 25, 2018
Aderewah:
If all the politicians and churches put money down, we will have 24 hrs light, hIghtfield speed trains everywhere, most graduates will be employed and naira will be down to 150

The money you gave to Church?
This MURIC brothers and religion

1 Like

Re: Ethiopia Is Now Africa's Fastest Growing Economy by Nobody: 7:21am On Apr 25, 2018
Everyone now has a stupid opinion on nairaland. I have been to Ethiopia on several occasions and that country can't even be compared to Anambra in terms of business activities. Most of their imports are from China with no meaningful industry around.

The best hotels are Hilton and Sheraton which are nothing but crap; the country's source of revenue is Ethiopia airline but nobody will tell you the regime is the most repressive in Africa with zero tolerance for government opposition.

As usual since everybody wants to blame Buhari and praise Jonathan, hence we jump at every nonsense thrown at us. Need I remind you, a hundred dollars is about 3000 Birr which is more useless compared to your 36000 naira and they have just one telecommunication company

Yes inflation, joblessness, lack of infrastructures and poor human right record are also high in Ethiopia!

1 Like

Re: Ethiopia Is Now Africa's Fastest Growing Economy by Nobody: 7:23am On Apr 25, 2018
dadavivo:
Even small Ethiopia, Buhari, you won't go unpunished



Ethiopia is not small, Ethiopia is the greatest African country.

1 Like

Re: Ethiopia Is Now Africa's Fastest Growing Economy by Shigabs(m): 7:24am On Apr 25, 2018
Kingspin:
(CNN) — Ethiopia, Africa's second most populated country, is forecast to be the fastest growing economy in Sub-Saharan Africa this year, according to new data from the IMF.
Ethiopia's economy is predicted to grow by 8.5% this year.
The figures signal continued economic expansion following a long period of impressive growth. In the last decade, 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.

However, despite sustained economic growth, in the past few years Ethiopia has experienced increasing unrest from Oromo groups in the Oromiya region. According to human rights groups, the government has suppressed basic rights and freedoms.

New Prime Minister Abiye Ahmed was sworn at the beginning of April, signaling an intent to ease tensions.

Economic Growth.
Ivory Coast is expected to be the second fastest growing economy in the region at 7.4%. Rwanda's estimated economic growth is 7.2%, and the West African country Senegal is projected to have 7% growth.

The data reveals that Ghana, which was previously forecast as the fastest growing economy in Sub-Saharan Africa in October 2017, at 8.9%, slowed in its predicted growth to 6.4%. Last year, a reported surge in oil and gas production helped propel the country's economy. Related Article:44 African countries agree free trade agreement, Nigeria yet to sign
Nigeria, Africa's largest economy, is predicted to grow by 2.1%, an increase from 1.9% forecast in October 2017.

"They've updated it to 2.1%. However, they have emphasized the risks. The falling commodity prices and imbalances that are to arise because of the elections," Bismarck Rewane, a Nigerian economist, told CNN.

Related Article: Tanzanian govt demands $930 fee from bloggers in internet clampdown
South Africa's predicted growth stands at 1.5%.
Long term, according to a report from the World Bank in 2016, the proportion of the African population in extreme poverty has declined, but the overall number has increased as the continent's population expands.

Growth across the whole region is forecast to average 3.4%, below the total world growth figure of 3.9%.

www.cnn.com/2018/01/24/africa-largest-economy/index.html
I am not surprised because they have shown in many ways that they are a country with difference in Africa. Ethiopia is exceptional when you talk of Africa. #IloveEthiopia#
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Nobody: 7:27am On Apr 25, 2018
D country Na taytay leader in Africa nah..
Country Wey Dem mention inside bible? Dat one Na Ystday country??.. Dia leading no b today. It haff tayed.. Dem b isreal mate ooo.. Na whr Dem supose dey Dem dey.. Up up there jus like dia airline

1 Like

Re: Ethiopia Is Now Africa's Fastest Growing Economy by Shigabs(m): 7:31am On Apr 25, 2018
Asowari:
Ghana, keyan have good leaders and their economy is still not the fastest growing encomic so wat are u ranting about? undecided
When you start comparing Nigeria and the likes of, Ghana and Kenya I realize how Dumb you are. Do you know where Nigeria is coming from at all? We are a mess the earlier you realize this the better for ur generation.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by balosunky(m): 7:32am On Apr 25, 2018
nNEOo:
Well the have a healthy looking 64 years old man as president thats why their country is runing on 9.8M/H.
Their Prime Minister is 41, u can google it
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Shigabs(m): 7:39am On Apr 25, 2018
emmabest2000:
And their only source of income is Ethiopian AirLine
Anything you do, do it well. What is Nigeria known for?
Re: Ethiopia Is Now Africa's Fastest Growing Economy by nNEOo(m): 7:39am On Apr 25, 2018
balosunky:
Their Prime Minister is 41, u can google it



waw he's even 41? Thanks man let me edit.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by MuyiRano(m): 7:44am On Apr 25, 2018
CYBERGHOST007:

Enemies, blinded enemies. Messi that can't deliver Barça from the hands of the Roman now automatically become your world best.

Jealousy will not kill u
Lol. He still remain the WB
Re: Ethiopia Is Now Africa's Fastest Growing Economy by David160(m): 7:49am On Apr 25, 2018
Apc is sh*t
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Nobody: 7:51am On Apr 25, 2018
no thanks to the redundant ancestor and his clueless /corrupt cohorts!
Re: Ethiopia Is Now Africa's Fastest Growing Economy by BadBradley: 7:53am On Apr 25, 2018
At 72 billion dollar GDP, there's still more space to grow.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Aderewah: 7:59am On Apr 25, 2018
NairaMaster1:


The money you gave to Church?
This MURIC brothers and religikon
ode. My parents are pastors. Yes. I gave the money to churches. Jesus fed multiples, not other rob them blind
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Sukovick(m): 8:03am On Apr 25, 2018
Let me go GEt my passport ready oooo
Hope you guys are reasoning with me
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Follygunners: 8:05am On Apr 25, 2018
olamil34:
May all evil politicians die in pain.

And I hope their kids and grand kids be wiped out.


AMMMMEEEEENNNNNN OOOO !!!!!

1 Like

Re: Ethiopia Is Now Africa's Fastest Growing Economy by Chukazu: 8:07am On Apr 25, 2018
Good they said Sub Sahara because Libya is at 16 %
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Horus(m): 8:20am On Apr 25, 2018
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Acidosis(m): 8:22am On Apr 25, 2018
Aderewah:
If all the politicians and churches put money down, we will have 24 hrs light, hIghspeed trains everywhere, most graduates will be employed and naira will be down to 150 per dollar

It is not about money. It is about knowing what to do with money and human capital to make more money. Buhari has money but has no brain to utilize money in a right and judicious manner.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Nobody: 8:57am On Apr 25, 2018
Kingspin:
(CNN) — Ethiopia, Africa's second most populated country, is forecast to be the fastest growing economy in Sub-Saharan Africa this year, according to new data from the IMF.
Ethiopia's economy is predicted to grow by 8.5% this year.
The figures signal continued economic expansion following a long period of impressive growth. In the last decade, 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.

However, despite sustained economic growth, in the past few years Ethiopia has experienced increasing unrest from Oromo groups in the Oromiya region. According to human rights groups, the government has suppressed basic rights and freedoms.

New Prime Minister Abiye Ahmed was sworn at the beginning of April, signaling an intent to ease tensions.

Economic Growth.
Ivory Coast is expected to be the second fastest growing economy in the region at 7.4%. Rwanda's estimated economic growth is 7.2%, and the West African country Senegal is projected to have 7% growth.

The data reveals that Ghana, which was previously forecast as the fastest growing economy in Sub-Saharan Africa in October 2017, at 8.9%, slowed in its predicted growth to 6.4%. Last year, a reported surge in oil and gas production helped propel the country's economy. Related Article:44 African countries agree free trade agreement, Nigeria yet to sign
Nigeria, Africa's largest economy, is predicted to grow by 2.1%, an increase from 1.9% forecast in October 2017.

"They've updated it to 2.1%. However, they have emphasized the risks. The falling commodity prices and imbalances that are to arise because of the elections," Bismarck Rewane, a Nigerian economist, told CNN.

Related Article: Tanzanian govt demands $930 fee from bloggers in internet clampdown
South Africa's predicted growth stands at 1.5%.
Long term, according to a report from the World Bank in 2016, the proportion of the African population in extreme poverty has declined, but the overall number has increased as the continent's population expands.

Growth across the whole region is forecast to average 3.4%, below the total world growth figure of 3.9%.

www.cnn.com/2018/01/24/africa-largest-economy/index.html

Landlocked Ethiopia doing better than Waterlogged Nigeria.
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Nobody: 9:11am On Apr 25, 2018
You don’t need oil to make your nation great or competitive. What you need is “humans” that are ready to move forward. Though humans could be complicated but if the majority are ready for change, change will come. This is the case of some East African countries. Ethiopian aviation industry is one to study, this is where many of these countries make great money from, Rwanda, Kenya.. same story.
We have a people problem in Nigeria and it must be addressed. I am writing a post titled “ who are Nigerian”. Ya all should look out for it
Re: Ethiopia Is Now Africa's Fastest Growing Economy by Kirigidi(m): 9:21am On Apr 25, 2018
dadavivo:
Even small Ethiopia, Buhari, you won't go unpunished
Don't be ignorant! Ethiopia is bigger than Nigeria in terms of landmass size. Nigeria has a landmass of 923,768 sq.km, while Ethiopia has landmass size of 1,103,300 sq.km. Even in terms of population, Ethiopia's population is over 102 million people as at 2016. Try know more about other African countries instead of thinking that Nigeria is above the rest.

2 Likes

Re: Ethiopia Is Now Africa's Fastest Growing Economy by dadavivo: 9:46am On Apr 25, 2018
Kirigidi:

Don't be ignorant! Ethiopia is bigger than Nigeria in terms of landmass size. Nigeria has a landmass of 923,768 sq.km, while Ethiopia has landmass size of 1,103,300 sq.km. Even in terms of population, Ethiopia's population is over 102 million people as at 2016. Try know more about other African countries instead of thinking that Nigeria is above the rest.
Na landmass we go chop? Niger state is bigger than all SOUTH WEST STATES does'nt make it better than Lagos.

They have a learned President, unlike Nigeria where ILLITERATES RULES
Re: Ethiopia Is Now Africa's Fastest Growing Economy by newslifeop: 10:00am On Apr 25, 2018
ohhh
Re: Ethiopia Is Now Africa's Fastest Growing Economy by CYBERGHOST007(m): 10:07am On Apr 25, 2018
MuyiRano:

Lol. He still remain the WB
To blind men like you. CR7 rules
Re: Ethiopia Is Now Africa's Fastest Growing Economy by jnhmaxxwell: 11:11am On Apr 25, 2018
Any info about Africa cannot be trusted from the west, the western media or any of the western institution and its proxies. This is void already in 2018 by their acts.

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