Ethiopia’s government is helping its entrepreneurs

30 Jan 2018


Your editorial “Ethiopia needs to change its authoritarian course” (January 10) claims the government of Ethiopia is authoritarian, gives little space to the private sector, and “has stifled entrepreneurialism and jeopardised a strong economic record that has seen growth average about 8 per cent since 2000”.

If the economy was stifled, how come it grew so fast and continues to do so? The World Bank considers Ethiopia “the world’s fastest growing economy”. The Ethiopian government strongly supports the creation of SMEs and is building industrial zones and agro-industrial parks in all regions. It also has a special rolling fund of 10bn Birr (about £285m) to help young entrepreneurs get established. As a result, millions of jobs have been created in the past couple of years, especially for women and young people, with more to come.

The Financial Times seems obsessed with the coalition being “dominated by the Tigrayan People’s Liberation Front”. It has been listening far too much to the more toxic elements of the diaspora opposition. Fortunately, Ethiopia’s population of 100m do not share the FT’s prejudices, and have little time for ethnic-based incitement, especially as most have seen their lives continue to improve.

Ethiopia is a pro-poor government and follows a homegrown developmental state model. Perhaps this is what so irks the FT?


Dr Hailemichael Aberra Afework
Ambassador of Ethiopia to the UK

Source: The Financial Times

Prev Article Next Article

Latest News

Browse all
Fresh from a global highly acclaimed tour including their debut at the Underbelly Festival in London’s Southbank, the Circus Abyssinia Troupe brings Ethiopian Dreams to enchant Edinburgh Festival Fringe audiences again this summer.
10 Aug 2018
Circus Abyssinia returns to Edinburgh Fringe
Following the historic rapprochement between Ethiopia and Eritrea, a delegation led by Ambassador Hailemichael, senior diplomats and staff paid a courtesy visit to the Eritrean Embassy in London, to further cement the agreement and resume diplomatic ties.
7 Aug 2018
Ethiopia and Eritrea resume diplomatic ties
The project manager of the Grand Ethiopian Renaissance Dam, Engineer Semegnew Bekele, was given a hero’s farewell on 29thJuly as thousands gathered to pay their respects at his funeral.
31 Jul 2018
Ethiopia bids farewell to Engineer Semegnew Bekele
A UK-Ethiopia Trade and Investment Forum is scheduled to take place in London on 16 October. This will be the first significant overseas Trade and Investment Summit for the new Ethiopian Government and will showcase the huge opportunities that Ethiopia offers and encourage inward investment.
30 Jul 2018
UK-Ethiopia Trade & Investment Forum – London – 16th October
On 11 July, PM Abiy marked his first 100 days in office. Since his election on 2ndApril, he has motivated Ethiopians with his catchphrase, “Medemer,” which has become the mantra for the revitalisation of Ethiopian unity.
27 Jul 2018
PM Abiy’s first 100 days in Office
Leading Ethiopian botanical scientist, Professor Sebsebe Demissew, has been elected as a Foreign Member of the Royal Society, becoming the first ever Sub-Saharan African scientist to be elected in the Society’s 357-year history. Professor Sebsebe is recognised for his lifelong work on promoting Ethiopian biodiversity.
20 Jul 2018
Prof. Sebsebe becomes first African Foreign Member of the Royal Society
The weekly publication from the Ministry of Foreign Affairs in Ethiopia.
20 Jul 2018
A Week in the Horn
Further to PM Abiy’s recent call to the Ethiopian diaspora to contribute $1-a-day to the transformation and development of a better Ethiopia, the Commercial Bank of Ethiopia has officially opened a bank account to support the operation of the “Ethiopian Diaspora Trust Fund”.
18 Jul 2018
Ethiopian Diaspora Trust Fund account officially operational
Statements from UK and US governments, the African Union, Europian Union and the United Nations Security Council, with regards to the historic peace deal between Ethiopia and Eritrea.
17 Jul 2018
Ethio-Eritrea Peace Deal: The World Reacts
In a historic visit to Asmara, Ethiopia’s Prime Minister Abiy Ahmed and President Isaias Afewerki of Eritrea signed a Joint Declaration of Peace and Friendship ending 20 years of hiatus. This landmark visit led to the restoration of diplomatic relations between the two nations.
16 Jul 2018
Ethiopia and Eritrea enter new chapter of cooperation following historic peace deal