Tuesday, October 20, 2015

Ethiopia: From Lion of Judah to economic lion

(Oct 20, 2015, (CNN))-If there was ever a country that embodied the optimism of the "Africa rising" narrative, it would be Ethiopia. The economy of Africa's second-most populated country has for the past decade grown at an average of 10.8% every year.

Ethiopia has been a prominent player in modern world affairs since 1896, when it defeated Italy in the Battle of Adwa. The nation on the "horn of Africa" was among the first independent countries to sign the United Nations' Charter, and supported the decolonization of other countries and the birth and growth of Pan-Africanism. The African Union is based in capital city, Addis Ababa.

As a reflection of its growing international influence, in July 2015 alone, Addis played host to world leaders at the Financing for Development Summit, (a crucial meeting ahead of the UN summit in September) and to U.S. president Barack Obama.

Challenges remain
Like every other country in the world, Ethiopia has room for improvement. Despite the pace of economic growth, Ethiopia remains one of the world's poorest countries, with an income per person of $550. Read more from CNN »

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