After deepening for two decades, Africa-China’s economic relations are entering a new phase, owing to a variety of global, bilateral, and domestic factors. While China will remain a key player on the continent, African governments will need to keep their options open and be more mindful of a wider set of interests.



Over the past few decades, companies have bent over backward to recruit and retain talented workers with enormous pay packages, generous perks, and promises of greater autonomy. As interest rates rise and growth slows, however, corporations are using the current economic upheaval to wrest back control.



Transitional justice is a process that a country or people go through to move from a repressive regime to a better one, move from conflict and crisis to lasting peace, or secure the country’s future through the establishment of lasting peace and reconciliation after human rights violations. As a process, it is a form of justice that takes time and requires care.



It would not be an overstatement to say that 2018 was a momentous year in the history of regional integration in Africa, since it was then that the African Union Member States established the African Continental Free Trade Area (AfCFTA). Aside from its continental ambit, departing from the focus on integration through regional economic communities (RECs) in Africa, the timing of the formation of the AfCFTA is interesting and commendable. It was formed at a time when many were talking about the return of “deglobalization” (referring to less integration among economies) and the rise of populism and protectionism, challenging the post-Cold War era of free trade areas, even in countries that were traditionally the ardent advocates of globalization.



Trade and technology development policies almost always have distributional consequences. There may be a few exceptions for which the implementation of a policy produces either gains or no loss for nearly everyone, what economists would call a Pareto improvement. But these instances are relatively rare. You could argue that for early-stage developing countries, the export-driven growth model that draws surplus labor into the modernizing manufacturing and urban sectors comes close to meeting this standard. But even there, the gains are not spread evenly, and income inequality normally increases.



With soaring food prices, climate change, and rapid population growth undermining food security in Africa, the continent is in dire need of an agricultural revolution.
Fortunately, steps taken by three forward-looking countries show that success is not only possible but well within reach.

The COVID-19 pandemic, compounded by supply-chain disruptions and surging inflation, has highlighted the fragilities of Africa’s food systems, leading to a 60Pct increase in hunger across the continent in 2020 alone. And climate change, which is expected to degrade freshwater ecosystems and arable lands, rendering vast areas of Africa uninhabitable, will only make things worse.



As the west is wrestling with Russia and China to maintain the ‘rule-based international order’, maintaining neutral positions on both fronts is difficult for Ethiopia and other developing countries.

On 22 October 2022, the United States introduced a national security strategy which reads “The most pressing challenge facing our vision is from powers that layer authoritarian governance with a revisionist foreign policy. Russia and [the Peoples republic of China (PRC)] pose different challenges. Russia poses an immediate threat to the free and open international system, recklessly flouting the basic laws of the international order today, as its brutal war of aggression against Ukraine has shown. The PRC, by contrast, is the only competitor with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military, and technological power to advance that objective.”



On 20 January 2023, Prime Minister Abiy Ahmed made changes to his cabinet and other appointments. The PM announced the nomination of new ministers, including the Ministry of Transport and Logistics, Ministry of Mines and Petroleum, and Ministry of Agriculture. The PM has also appointed new central bank governor.

New appointments are common in political life, and as usual people are discussing the reasons behind the new appointments. Is the major reason of appointment a result of the desire to change economic policy? Is it related to a search for “able, creative, and experienced people” who can manage the bureaucracy. Is it related to a search for loyalty? Whatever the reasons, quality matters for government performance.




Ethiopian Business Review | EBR is a first-class and high-quality monthly business magazine offering enlightenment to readers and a platform for partners.



2Q69+2MM, Jomo Kenyatta St, Addis Ababa

Tsehay Messay Building

Contact Us

+251 961 41 41 41