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Ethiopia is one of the top five booming economies in Africa

Tigrai Online April 12, 2013

Addis Ababa the capital of Ethiopia one of the booming African countries
Ethiopia is one of the top five booming African countries

T. Rowe Price’s “Global Connections” identifies what it believes are the five most promising countries in Sub-Saharan Africa to take advantage of that potential economic growth. South Africa, Nigeria, Angola, Ghana, and Ethiopia all have economies that are growing at a brisk pace.

Price reports that Ethiopia is yet another country with a promising future. Ethiopia represents a huge market that can drive economic growth and integration in the Horn of Africa region. Ethiopia’s economic growth has been fueled by hydroelectric power, which enables it to export electricity to neighboring countries. Price says that Ethiopia has also benefited from large-scale government investment in agriculture, industrialization, and infrastructure.

Source: The Christian Science Monitor - http://www.csmonitor.com/World/Africa/Africa-Monitor/2013/0412/Africa-s-economic-boom-Five-countries-to-watch?nav=topic-tag_topic_page-storyList

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