Customers banking at one of the Commercial Bank of Ethiopia's branches (Photo: Commercial Bank of Ethiopia/Facebook)
By Nohaila Ibn El Farouk
Addis Abeba - In early April, when KCB Group announced they are undergoing talks to acquire stakes in Ethiopian lenders, it was easy to sense a
Kassahun Kelifa, For Addis Standard
Addis Abeba, March 20/2017 – Periodically, the movers-and-shakers of Ethiopian politics raise their voices about overhauling the economy and creating better employment opportunities for unemployed people in the country. Such calls often follow general public discontents expressed in several ways and forms. The recent ‘economic revolution’ narrative introduced by the Oromia Regional State’s President Lemma Megerssa, following the yearlong anti-government protests that first began in the region, is one such example.
Ostensibly aimed at addressing the needs of the restless youth who are tired of empty promises and were at the forefront of the yearlong protests, the regional government appears to have taken a stronger stance to revamp the economy in order to create decent job opportunities and promote inclusive growth. To achieve this, high-level officials of the regional state have come up with a term called ‘economic revolution’.