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"Despite challenges, Ethiopia’s economy still growing strongly"

“Despite all the challenges and issues Ethiopia’s economy is still growing strongly, still attracting a lot of foreign investment”, former Prime Minister of UK Tony Blair said. The former Prime Minister and Executive Chairman of the Tony Blair Institute for Global Change made the remark following the discussion with Prime Minister Hailemariam Dessalegn in Addis Ababa.

Ethiopia has continued to register strong economic growth over the past years in spite of the 2015 El Nino induced drought, which left millions of Ethiopians to be dependent on food aid. Blair appreciated the progress that the Horn of Africa country has made in various areas in spite of the challenges.

“For those who watched Ethiopia for several decades, it is always important to remember how far Ethiopia has come today from where it was back in the 1980s. I think this is important to recognize,” he appreciated. Noting the importance to support this progress, he said his institute will continue to support Ethiopia specifically in delivery of basic services, and industrialization program, among other areas.

“The one thing we do and try to help the government is to focus on basic issues of delivery; electricity, clean water, and waste management things that make a difference in those lives”, he said.

Source: Ethiopian Investment Commission
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