Dr Maximilian Martin, Exclusive for Addis Standard
In the 1860s,an English discoverer named C.T. Beke proposed to construct a 225-mile railroad to open up trade with the southernmost territories ruled by the Pasha of Egypt who nominally reported to the Ottoman Empire. His motivation was to provide ready access to source from the cotton fields of Ethiopia, connecting the coast of the Red Sea with the Upper Nile Valley. Nearly 150 years later, the Ethiopian Government, through its Growth and Transformation Plan (GTP) that seeks to raise GDP by 11-15 percent per year in the 2010-2015 period, is engaging in massive industrial and infrastructure projects; a 1,500 mile-long standard gauge rail network that will help overcome the landlocked country’s infrastructure limitations and render a national trade logistics strategy viable being among them.
By Michael Meyer
NAIROBI – It sounds like the plot of an old Western movie. A posse of desperados gallops into a frontier town, burns the saloon, robs the bank, guns down leading citizens, and disappears into the dead of night before the sheriff gets himself out of bed.
That is what has happened, repeatedly in recent days, in a small Kenyan town named Mpeketoni, just south of the Somali border on the Indian Ocean coast. Last week, a gang of armed men hijacked a mini-fleet of matatus, small group taxis, and roared into the city center, shooting as they went. They set shops and banks ablaze. In neighboring villages, they went door to door, asking for citizens by name. Those who were Muslim and could prove it by reciting the Koran were spared. Others were shot at point-blank range or hacked to death.
Dr Maximilian Martin, exclusive for Addis Standard
Ethiopia is part of a new set of high-opportunity countries with exceptional potential for modernization, the “EMICs” (Ethiopia, Myanmar, Iran, and Colombia). All are high-stakes countries with a history of expansion and empire, conflict, a considerable proportion of young and educated job seekers, high potential for growth and turnaround, strong foreign direct investment (FDI) and trade promotion strategies, and broad regional importance.Ethiopia’s success in modernization could have far-reaching positive geostrategic implications and further synergistic effects with development efforts in the Horn of Africa, and impact investors can contribute to make this preferred future happen.