Radar | Jan 16,2021
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]
Fortune News | Feb 22,2020
Radar | Jan 12,2019
Fortune News | Sep 21,2019
Verbatim | Dec 06,2025
Viewpoints | Oct 04,2025
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Jun 13 , 2026
The recent policy decision to fully open freight forwarding to foreign capital may be...
Jun 6 , 2026
For a political veteran as controversial as Getachew Reda, last week's national elect...
May 30 , 2026
Tomorrow, millions of Ethiopians are expected to vote in the seventh national electio...
May 23 , 2026
An International Monetary Fund (IMF) team has spent weeks in Addis Abeba conducting t...
Loading your updates...