Radar | Feb 08,2020
Successive editions of plans for growth, dubbed Growth & Transformation Plans (GTPs), were launched 10 years ago, putting an emphasis on public infrastructure financing both to stimulate the economy and provide the foundation for an economy led by the manufacturing sector. Ethiopians, before the decade was out, were promised sugar and fertilizer factories and power-generating dams. The most highly anticipated, by virtue of endless advertising bordering on propaganda, was the Grand Ethiopian Renaissance Dam (GERD).
The decade instead ended with the Ethiopian government promising not to commence new mega projects until those still undergoing construction, including the GERD, are finalised. Saddled with external debt that has risen to over a third of the GDP and several projects having gone ludicrously over budget, it has become painfully obvious that placing cornerstones is far more complicated than cutting ribbons. And cutting ribbons is always a more pleasant experience when the project is concluded on time, within the targeted budget and delivers all the services it was promised it would.
PUBLISHED ON
Jan 05,2020 [ VOL
20 , NO
1028]
Films Review | Dec 07,2019
News Analysis | Jan 05,2020
Radar | Dec 25,2023
Fortune News | Jun 04,2022
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transportin...
Jul 13 , 2024 . By MUNIR SHEMSU
The cracks in Ethiopia's higher education system were laid bare during a synthesis re...
Jul 13 , 2024 . By AKSAH ITALO
Construction authorities have unveiled a price adjustment implementation manual for s...
Nov 16 , 2024
In the realm of public finance, balance sheets speak louder than rhetoric. In such do...
Nov 9 , 2024
Ethiopia's foreign exchange debacle resembles a tangled web of contradictions and con...
Nov 2 , 2024
Addis Abeba, fondly dubbed a 'New Flower,' is wilting under the weight of unchecked u...
Oct 26 , 2024
When flames devoured parts of Mercato, residents watched helplessly as decades of toi...
Loading your updates...