Ethiopia’s economic growth is likely to continue on a positive trajectory. Significant foreign investment is flooding into the country, yet political dynamics pose reputational risks for investors.
Ethiopian Prime Minister Hailemariam Desalegn was re-elected at the beginning of October, continuing his leadership from 2012. In May of this year, the ruling party, The Ethiopian People’s Revolutionary Democratic Front (EPRDF), won a landslide victory in the elections, claiming every parliamentary seat and consolidating their grip on power.
At the top of the PM’s priority list is the implementation of the five-year Growth and Transformation Plan II (GTP II). The ultimate aim of the plan is to catapult Ethiopia into middle-income status by 2025 through transforming it into an industrialised economy, offering a fully integrated supply chain.