In a recent nine-minute in-depth analysis, the prominent Indian media outlet 'Firstpost' reported that Ethiopia is undergoing a remarkable economic transition under the leadership of Prime Minister Abiy Ahmed.
The report notes that Ethiopia, known for decades for war and drought, is shattering this distorted narrative. It is actively working to become Africa's powerhouse in the energy, aviation, mining, and digital economy sectors.
According to 'Firstpost', the primary engine of this grand national transformation is the Grand Ethiopian Renaissance Dam (GERD), boasting a generating capacity of over 5,000 megawatts.
The outlet explained that the dam built entirely through the financial contributions, sweat, and blood of Ethiopians without international loans, is a powerful demonstration of self-reliance, proving Africans can achieve their own dreams. Furthermore, it praised Ethiopia for becoming a regional integration hub by supplying electricity to neighboring countries.
In the aviation sector, the new $12.5 billion Bishoftu International Airport will have the capacity to handle up to 110 million passengers annually. 'Firstpost' noted this will establish Addis Ababa as a major hub for international diplomacy, trade, and tourism.
Additionally, the report highlighted that the mining sector, which is significantly boosting exports, and the massive fertilizer plant under construction in the Somali region are playing key roles in enabling Ethiopia to achieve food self-sufficiency.
Ethiopia is also exhibiting impressive strides in digital transformation and investment reforms. 'Firstpost' noted that the success of the 5 Million Coders Initiative, the opening of the telecom and banking sectors to foreign investors, and the launch of the capital market will immensely boost the Ethiopian economy.
The Indian outlet concluded that the massive economic transformation undertaken by BRICS member Ethiopia, cooperating globally without aligning with specific factions will reshape the landscape of the region and Africa in the coming years.
