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AFRICANGLOBE - Ernst & Young forecasts FDI into Ethiopia will average $1.5 billion each year for the next three years and predicts the country will be a leading manufacturing hub in Africa in the next decade.
AFRICANGLOBE - Ethiopia’s footwear industry has long been known for producing fine-quality leather shoes and products. With reliable power sources, affordable labour and a fast-growing economy with a forecasted GDP growth of over 10%, it is no wonder that international companies and suppliers are flocking to Ethiopia to tap into this market.
AFRICANGLOBE - Ethiopia says physical work on a massive $4 billion cooperative natural gas project between Ethiopia, Djibouti, and China will be launched soon. The announcement was made Thursday by Ethiopian Foreign Minister Tedros Adhanom at the opening of the 4th Ethiopia-Djibouti Joint Ministerial Committee Meeting in the capital, Addis Ababa.
AFRICANGLOBE - “Egypt is the gift of the Nile,” says Herodotus. Egypt could have been part of the desert without the Nile. The same thing can be applied on the Tigris and Euphrates. These two rivers were responsible for the making of the alluvial plain and the fertile soil in Iraq. It is also a historical fact that Egypt and Iraq were some of the first people who practiced agriculture, and the first populations that resided in settlements as well.
AFRICANGLOBE - Qatar has taken the lead in destabilizing the Horn of Africa out of ideological and unipolar-loyalty reasons, and it’s using its “legal” presence in Eritrea to facilitate this. The War on Yemen provided the other main GCC states of Saudi Arabia and the UAE with a ‘plausible justification’ for also ‘getting in on the action’, knowing just as well as Qatar does that Eritrea is a ‘double-hinged’ state that can be used to simultaneously project maritime and continental influence, with the latter case being against Ethiopia.
AFRICANGLOBE - Over the years, relations between Eritrea and Ethiopia have become very akin to a ticking time bomb, always ready to explode. On the 12th of June 2016, another timer went off as soldiers of both countries clashed at Tserona central front, an area located 75 kilometres south of the Eritrea’s capital, Asmara.
AFRICANGLOBE - Ethiopia has grand ambitions for its auto industry, seeking to transform a handful of assemblers that bolt together imported kits into a network of factories that can make the country Africa's biggest car manufacturer over the next two decades. It is part of a vision to turn the nation in the Horn of Africa into an industrial centre that no longer relies on fickle weather patterns that periodically devastate the agrarian economy.
AFRICANGLOBE - Egypt’s recent diplomatic maneuvering and military, political and economic posturing in the Horn of Africa – predominantly Somalia and Somaliland – have been designed to target Ethiopia’s aspiration for development and peace. At best, they aim to put Ethiopia under siege, with the strategic intent to undermine its efforts of seeing through the completion of the Great Ethiopian Renaissance Dam (GERD).
AFRICANGLOBE - Ethiopia has a new nickname: “The African Lion.” Like China (“The Asian Dragon”), Ethiopia’s economy is growing: 10 percent annually from 2003 to 2014. But the moniker also has less savory connotations. Ethiopia’s economic expansion is taking place against a backdrop of privatization, immiseration, and incursions on democratic rights.
AFRICANGLOBE - Did you know? Muslim Arabs started the African slave trade in the 8th century. Females made up the majority of Africans taken to Muslim countries and were used as sex slaves. Males were used as cannon fodder slave soldiers or castrated and used by wealthy Muslim to guard their possessions. Turkey only banned African slavery in 1908. Saudi Arabia did not ban African slavery until 1962. In Saudi Arabia, Blacks are called “abed,” which means “slave” and has negative racial connotations. Saudi Arabian society is a racial caste system.
AFRICANGLOBE - This case is just another example of the barbarity and savagery of Europeans. Seven-year-old Prince Alemayehu was captured – along with many national treasures – in 1868, his mother who was then Queen of Ethiopia was raped and murdered by the British. His remains are held in Windsor Castle but pleas for their return have been rebuffed
AFRICANGLOBE - Next time President Jacob Zuma sends a government delegation outside the country to learn how other governments run state companies he must consider an unlikely tutor, Ethiopia. Poor as it is compared to South Africa, Ethiopia can teach our government officials a thing or two on how to run state companies profitably without bleeding state coffers.
AFRICANGLOBE - Population Reference Bureau has published a report of the most populous countries in the world in 2050. Find out the top 10 nations.
AFRICANGLOBE - Conservationists are facing a race against time to prevent one of Ethiopia's most sacred religious site from crumbling away. The ancient churches of Lalibela in northern Ethiopia have been a place of pilgrimage for local Christians since they were constructed 800 years ago.
AFRICANGLOBE - These were once the high and mighty of Ethiopia - princes, imperial courtiers, provincial nobility, aristocratic landlords, blue-blooded ministers, and much decorated generals. They ruled entire provinces, owned enormous estates, and commanded private armies and could boast of belonging to royal families tracing their ancestry 2,000 years to the founding of the Ethiopian monarchy.