Ethiopian Business Review

Between 2000 and 2014, Africa grew at a strong clip, fueling belief in the narrative of an “Africa rising.” But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt on Africa’s economic promise, leading many to question the “Africa rising” narrative – and some to pronounce it dead.

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The recent decision of the government to privatize state-owned enterprises (SOEs) which are operating in various industries has caused unease. What worries many is the inclusion of massive enterprises such as Ethiopian Airlines and Ethio-Telecom for partial privatization. 

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Prime Minister Abiy Ahmed's Economic and Political Challenges

In my commentary published in EBR issue 55 entitled “Stand Still and Movement” I expressed my grave concerns about the future of our nation. The coming to power of the new Prime Minister, Abiy Ahmed is a relief for such concerns, at least for now. Abiy is the right pick in all senses of the word to be at the helm of power (as that happens to be the criteria at this juncture in our history). However, for all the peace that he has brought about to be sustainable, it is imperative to understand the major political and economic challenges that he in general, and we as citizens in particular, will be confronting. I will begin to highlight the top five economic challenges first and conclude by briefly noting two major political challenges that are preconditions for addressing the economic challenges.

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