🇪🇹 Ethiopia: The new China? | Counting the Cost

The leaders of Eritrea and neighbouring Ethiopia have declared the end of a more than 20-year-long war, and it's hoped that it will help boost economic growth in East Africa.
Ethiopia's economy has grown at a faster rate than any other African country in the past 10 years. And it's been trying to open up its economy. But foreign investors and local businesses complain a shortage of foreign currencies like the US dollar are stifling the private sector.
The International Monetary Fund (IMF) says that Ethiopia's foreign reserves at the end of the 2016/2017 fiscal year stood at $3.2bn, which is less than what it spends on imports in two months.
But the IMF is forecasting a growth rate of 8.5 percent this year - far above the global average.
So, will Ethiopia be able to sustain its growth levels? What are the economic challenges facing Ethiopia? And what does peace with Eritrea mean for the economy?
Ethiopia has a "very odd model for development, but an odd model that has produced very high economic growth," says Charles Robertson, chief economist at Renaissance Capital.
"In our last big report we focused on the fact that they were running out of foreign exchange to sustain that model ... It's a matter of how can they get the cash. They've been borrowing from China. And recent declarations from the government suggest that they might start to raise the money by selling ... stakes in their golden geese - their major companies like Ethiopia Telecom or Ethiopia Airlines. And that way they can bring in the dollars that they need to be able to buy the investment goods that they need to be able to drive growth."
Asked how the digital economy factors into the country's economic growth, Robertson says: "There is an awful lot of PR, very successful PR that's making out Ethiopia to be kind of the next China. And I think this is a valid comparison as long as you have the next China meaning with a 50-year lag, not a 10 or 20-year lag."
"Less than half of the adults in Ethiopia can read or write in any language. That's not what you need if you are going to be part of the digital economy. You've at least got to be able to read what's on your mobile phone. They can't. And the consequence of low adult literacy - it's about 49 percent in 2015 - is that you can also not have an industrialising story either," he tells Counting the Cost.
According to Robertson, Ethiopia's manufacturing factor is around 4 percent of GDP, so "despite the PR ... there's only eight countries in the world with smaller manufacturing sectors than Ethiopia ... The education numbers, the electricity numbers are just not there for either a digital economy or a big manufacturing sector. It's still a very rural, very poor agricultural economy."
"With the peace deal with Eritrea, they can rebuild links to Eritrea, create a second export route and perhaps then get a better price when it comes to exporting their goods through the ports. So there is a benefit for longer term trade."
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[@markshao3901]

China has gone through this hard road and she has improved peoples lives a lot. Ethiopia are ready to go following Chinese did 40 years ago. I think Ethiopia will get better and better only if usa and European leave African alone.

[@fruitsarelife148]

Ethiopia is the new Ethiopia.

[@A.D.540]

@Fiker Gaming that North & East ethiopia as well Eritrea the ruling elite being habesha. It was full of 10 tribe today central, south, west & West East want part of the empire.

[@jwp3821]

I am Chinese. I hope that Ethiopia will not completely imitate China, but also formulate a development model that conforms to its own conditions. Chinese socialism and the Soviet socialism are completely different systems. In addition, if we want to develop, we need peace. We must prevent the infiltration of foreign forces. Be careful of the infiltration of the United States. We must strictly block the network. You can go to Iraq, Syria, Afghanistan and see these countries and see what the United States brings to them.

[@samlsd9711]

Not if colonized by China for 2 dollars a day.

[@kaydod3190]

No, Ethiopia is the new China. China will take over and colonize

[@eyobgenene795]

@@kaydod3190 kkkkkkkkkkkkkk

[@jacfarbinjacfarjacfar9941]

Much love to Ethiopia from somalia

[@meteoricdec5337]

Ethiopia is a beautiful country with hardworking and beautiful people! Love from China :))

[@dekafouad8898]

Ethiopia is full of harworkers may Allah bless them

[@williamwooten2677]

Deka Fouad EGZYABHER

[@miza2139]

Thanks!!!!

[@SettingMind]

Good job Ethiopia! Show the world you can strive and prosper! I will definitely like to visit Ethiopia in the near future.

[@williamwooten2677]

Setting Mind 3 times I've visited and fell in love with the people

[@hizboo7670]

@@williamwooten2677 there is one video about ethiopia on my channel u would like

[@wilbertmcbride498]

Me too!!!!!!

[@misohorni6256]

Setting Mind oh man you’re in for a show you would be in disbelief of what they’ve build thousands of year ago literally can’t be explained how they made it look up “church carved from ground in Ethiopia” lmao

[@eho6380]

Ethiopia didn't prosper! Lol, we're in a severe crisis. Ethiopia right now is pretty much dying, Abiy Ahmed isn't a strong Prime Minister who must modernize an Agricultural Ethiopia into an African Superpower. He's a good Prime Minister, but the job simply doesn't fit him. The Literacy rate is pretty much embarrassing, we still live on Agriculture, the gap between rich and poor is growing, healthcare quality is bad, education quality is bad, Infrastructure is bad and life quality is bad. Abiy Ahmed didn't improve any of these MAIN problems of the Ethiopian Economy. He keeps building these useless natural parks instead of improving the whole country, which benefits us all.

[@betelhmmulugeta6362]

God bless Ethiopia!!!

[@williamwooten2677]

betelhm mulugeta EGZYABHER

[@hadicell269]

Ethiopia pikchr

[@gggg1690]

woww good job ethiopia hard work keep up i love ethiopia

[@325N]

You can do this! I believe in 🇪🇹! Hope all countries Africa move in this direction.

[@williamwooten2677]

larae colossio amen

[@thebridge5483]

Ok let's forget the numbers, and stop underestimating Africans ability to adapt to new things at a quick pace. England was not all literate during the industrialization era and china who World second most advanced countries is still not all literate. Provide electricity, infrastructures, techs and watch how fast the Africans economy will take off.

[@pride7416]

@Travel 4k true. the same people that underestimate us, are the same people not investing in africa (unlike china). they're going to regret it badly in the future when the new superpowers come to rise and don't respect them back.

[@eho6380]

Well, We can adapt fast if the Governments stop being lazy and make Education compulsory.

[@arfanbashir1759]

See, England stole 45 trillion from India and financed its industrial revolution. England was lazy and evil.

[@Bountylicious]

Ethiopia is doing great. Somalia is doing even better. We already have the most sophisticated telecommunications system for more than a decade. The technology is better. The literacy rates are great. Everyone is in school & universities. We have a rich country with a long coastline of course. So the future looks great for not only East Africa but for Africa as a whole. It is the soul & beacon of humanity & Africa is the future. God bless Africa 💕💕

[@meganhey2582]

Seventh Heaven hahahaha funny. They don't even have a stable government so what are you talking about? Can you even go outside without being raped?

[@Bountylicious]

Megan Hey yes of course you can go anywhere. Unlike other African countries Somalia has low criminal activity.

[@Bountylicious]

Megan Hey yes keep going with your indoctrinated mindset. You are clearly a troll or a shill. All that you're spewing is factitious propeganda. I don't have time to argue with an idiot. You're below me. Have a nice day 😊

[@midnightvelvet8077]

Yes as the sun sets on the west, it rises on the east. I’m so happy bc it’s Africa’s time to shine

[@Bountylicious]

Deborah Houston indeed Sis. With the grace of God & some faith & determination... Africans & Africa 💕 will prosper & shine like never before. We are already along the road to peace, prosperity & success. God bless 😘

[@WW-vq5vs]

Who is this reporter that sees gloom and doom about Ethiopia whenever opens his eyes? Give Ethiopia 10 years and you will bit your tongue for what you said .

[@quietlionwhp2609]

W W so true,...

[@mahbubdawood2909]

China is puppet to him

[@MrVlogger16]

W W thanks you, you just spoke my mind

[@zakai1769]

Ikr

[@christybyrne9844]

So you know better than the expert who has likely spent many hours studying this in great detail, and is not saying doom and gloom but simply saying Ethiopia being a fully developed nation within 10 years is a pipe dream? 50 years is, as he said, a much more realistic time frame, and I trust an expert opinion over someone who likely knows very little about the subject

[@Allgood33333]

Maximum 10-12 years to be like china if the gdp stays like this💪🏽👊🏾😘 power from GERD😘👊🏾💪🏽 and now with the support of the eritrean brothers 5-7 years💪🏽❤️👊🏾👊🏾👊🏾👊🏾👊🏾👊🏾

[@muaidmahmoud9545]

God bless you guys love you from sudan 🇸🇩😍

[@angokdengmalekmalual7372]

May Ethiopia prosper to protect Africa from foreign aggressions. Much love from South Sudan

[@yonathanseleshi]

The economist's analysis is flawed and the literacy rate statistic is misleading. China also still has a large rural agrarian population. China also has a much larger population so it's taken more time for it to move people out of rural poverty. Also that literacy rate metric is based on the rate of literacy for people over 15 years old, but over half the population is under 20 years old. That means that his estimate of 50 years to catch up is just nonsense. With peace and stability Ethiopia can benefit from a demographic dividend in the next 10-20 years. Also Ethiopia has one of the highest rates of %gdp spend on education in the world and has also been building higher education institutions at a rapid rate.

[@yonathanseleshi]

You add democratic reforms, liberalizing of key economic sectors, peaceful relations with Eritrea and Somalia, the stakes in now 9 different ports from Sudan down to Kenya, new oil discoveries, new energy resources coming online and increased investor confidence to the demographic dividend and you have the makings of not a new China, but a better version of the Chinese model. More in line with Singapore.

[@sheleko]

Yonathan Seleshi It not about how many institutes are being built, Ethiopia needs to focus on the quality of education and being competitive globally. The basic education like planed family have to be first and priority focus through out the nation. The CIA data shows 4.58 children per woman In 2017. These People need to get back to work, not just producing children.

[@mplsridah]

"Ethiopia has one of the highest rates of %GDP" Ethiopia's GDP is $70 billion lmao Less than 50% can't read or write. Overpopulated Very rural Only 4% of Ethiopia's GDP comes from industrialization Yeah, seems like Ethiopia is the next China lol

[@mplsridah]

pandia lol prove what I said wrong. Where does the money go? Because they also have one of the highest % in illiteracy.

[@owrbright3173]

Yonathan Seleshi very good informations but I hope that western countries will not try to stop this success.

[@rumpelja4922]

Ethiopia need to do less import and more export. Same goes for Jamaica

[@misohorni6256]

Rumpel JA very true they are finally getting into drilling oil now hopefully with no 1st world interruption which I think will not be you’re looking at a Dubai 2.0 in a few years

[@mrsalad1529]

@@misohorni6256 there is not much oil tho.

[@nikolatasev4948]

Ethiopia is building one of the largest dams in the world, certainly enough to power its growing economy for a decade after it's done. Half of the population being illiterate is a problem, but there is enough literate population to sustain fast growth for decades to come - and fund better education for the next population. Ethiopia's problems are significant, but they are being addressed by the government right now. I can't say the same for other countries.

[@gypsybynature8117]

In Hawassa Industrial park 23 Chinese & 17 Indian companies have invested billions of dollars, generating tax revues and providing at least 80000 direct jobs. Thank you China and India for investing in Ethiopia

[@matthewmann8969]

Ethiopia is coming to some of its former glory just do not rely on too much foreign help

[@jamesrivers8182]

You think? What about all the help china gave them in building infrastructures for free? I believe china's reason for building those ports for free is so it can import goods from china into ethiopia tax free due to he Ethiopian government being indebted to them. Of course China will then set up business in Ethiopia and import goods from China. Yes it will provide jobs for Ethiopians but they will end up being mere consumers of China's goods and all the profits will be taken back to china because they will be exempted from paying tax to the government fir a while due to China investing in building all these infrastructures for free. I hope I'm wrong though for Ethiopia's sake.

[@JA-pn4ji]

Charles fails to make the distinction that Ethiopia is pursuing manufactured goods export-led growth, other African countries are engaged in import substitution off the backs of commodity exports. I think Ethiopia has only a 20 year lag behind where China is today. It all depends on government policy. I also don't think literacy - the lack of which is mainly rural, necessarily holds a country back. Europe at the dawn of industrialisation had similar literacy stats, that didn't stop the mechanisation of coal mines, factories, woollen mills etc. Taiwan took off economically with an education rate that was well below average: 55% of Taiwanese were illiterate at the end of the 2nd World War; the figure was still 45% in 1960. Looked at a differently, Cuba has the world’s second highest literacy rate for children over the age of 15, and the sixth highest rate of school enrolment. Yet the country ranks only 95th in GDP per capita in the world... Where African governments fail is in mollycoddling civil and public servants. Educated Africans saw independence as the opportunity to replace Europeans in privileged public sector administration, police and army. They then used that position to tax their productive sectors - rural farmers, miners etc., to death in order to maintain near European standards of living for the privileged few. Economic policy - in the form of import substitution, became subjugated to the agenda of this privileged class, such that unrealistic exchange rates were maintained, destroying any incentive to engage in productive work. Soon everyone wanted to join the educated class, drive an imported mercedes, shop at western type malls, sit in an office and bark orders like Europeans. South Africa, Angola, Kenya, Nigeria have all fallen into the trap of satisfying an urban public employed class to the detriment of the actual wealth creating class. In S. Africa and Angola, liberation organisations that professed socialism have shown what their understanding of socialism meant. i.e. a device to replace the privileged colonial white class with their own socialist cadres in political and economic opportunity. In Nigeria, the productive output of the rural dwellers once the mainstay of its commodity exports of cocoa, groundnuts, palm and cotton has declined to near zero. Everyone has emigrated to urban areas to hustle for government oil revenue derived jobs. African countries have a record of cack handed implementation, Chinese type growth requires strict adherence to its policy methods. The Chinese government creates on-the-ground policy for its productive export sectors - Chinese workers may be low paid but they're provided with free (worker dormitory) accommodation, basic healthcare and feeding at work. The PBOC (Peoples Bank of China) is undistracted in policymaking by any material demands from its bourgeois class. Ensuring and reacting to any exogenous economic factors that might affect the quantitative output of its factories. Not least the provision of near unlimited domestic credit - bolstered by access to international credit (FX borrowing) from abroad through its Hong Kong international capital market conduit - to exporting industries. Fuelled with domestic and foreign credit Chinese type exporting policy is always expansionary and substantive rather than incremental. For example, If 20,000 tonnes of cut flowers is exported in a year in the next they would aim for 100,000 tonnes and then 200,000, while African countries would typically target incremental growth of say 30,000 tonnes then 45,000. Export credit guarantees to exporters are typically created using bond issuance (Eurobond) on international capital markets, while your typical African country would issue similar bonds to tackle bloated public sector fiscal deficits. A China type economy would issue such bonds to create credit guarantees to exporters allowing them to borrow at a discounted premium. Furthermore a China type economy seeks to balance its recurrent expenditure with income ensuring both interest and inflation rates are in the low single digits and ensures that a significant part of its capital expenditure is revenue generating. If Ethiopia can emulate this and prevent the privileged non-export producing class from subverting economic policy for their own comfort then the sky is the limit as they say!

[@jusplay7309]

J A you hit the nail right on the head!

[@Tes-qe1jc]

Wow! What a brilliant and insightful comment! Thumbs up buddy.

[@deborahgonzales9717]

Good understanding of the Chinese government and economics thanks

[@ektorkornoo8806]

You are tight in that many African Governments still have civil and public servants (including elected officials) taxing productive sectors to death. Another form of 'tax' is by way of massive networks of corruption with huge shares of the national cake (government revenues) going into private pockets at the expense of the 'rest.' Government is the largest single employer, in many African countries.. Government controls too much of the economy including the biggest contracts for roads, infrastructure, major developments (housing, hospitals, offices, etc.), and beyond. Contracts for government projects are routinely over-invoiced. Procurement rules routinely broken so that favored contractors get the job regardless of their qualifications. Many government contracts are not executed properly, fully, or ever done: huge waste. Most violators of contracts and procurement rules go unpunished (often hoarding their loot elsewhere and bribing their way into delayed justice or innocent verdicts). And public servants, people's representatives, and leaders get a cut of the loot (often to finance elections, private projects, foreign bank accounts, etc.). Often, few civil and public servants declare their assets at the beginning (or any point) of their public service even where the rules require them to do so. So, stealing and taking bribes is one of the biggest and most popular sports. Worse, the many hoards of deprived people seem to worship the rich, regardless of how their wealth was acquired. And the rich indulge the masses now and then with rather showy displays of generosity (even if these are a drop in the ocean of their ill-acquired loot). Once in a while a member of the kleptocratic class is caught, embarrassed, and sometimes (but rarely) jailed for a short period. Otherwise, life goes on as usual: with rising gaps between the few super rich and rest. But a rising tide of the angst and pains of the growing mass of the poor soon sends the occasional BIG tsunami through: even if the BIG event is in a rather short, intensive episodes of the nasty, brutish kind.

[@webbtz3591]

You should do a video.

[@joelgordon9584]

Keep the colonizers out Ethiopia we are depending on you don't fall for there western bate

[@kaydod3190]

No, keep them in. They are needed

[@catsanddogs7268]

the analyst is so confused. The country has 27 million students in school which will change the digital economy in less than 5 years. More than half of the population is under age to read and right.

[@catsanddogs7268]

Ngenzi Jacque .......in terms of what?

[@boringman8673]

Ezra weldeab, you are so confuse.

[@delnayo9474]

@Ezra 27 you are so delusional. Yeah we have 27 millions who can’t even write their names. We have engineers who can’t even build wooden houses. The educational system is screwed up. university lecturers are forced to pass students because under the new policy no student should fail and we have now 100000000 Drs and 1000000000 Engineers who can’t even write their names and do anything. So yeah you have 27M who can’t be productive and if you think this is growing good luck!!

[@catsanddogs7268]

Del Rent ...the last education policy they had was in 1993. "New policy" ??????. speak DATA... no emotion.

[@delnayo9474]

@ Ezra talk about the quality of the education. So you got the Education policy year right.. Big Deal!! Focus on the issue..actually that is even more sad that in 2018 we are stuck in 1999 Education Policy what does it tell you? Education is a change of attitude so we have 27 M university graduates and the country can't even depends on their engineers but need foreign advisors and consultants every time we have a new project every year? What?? Talk about the quality of the education. Have you ever get a chance to talk to University lecturers?And what they have to say about the education system? Then let us talk. Education is a change of attitude not a paper or a completion of 4 yr course. Ask any University Lecturers what would happen if they fail their students who are not competent. This policy might not be out for public ..but it is enforced by Govt officials on all Universities and all Universities have to apply that all over in the country. So what do you call that? University lecturers have been forced to pass students who are not even qualified to be Engineers and Doctors.. Fact. Everybody knows it. They will tell you that they MUST pass these students who do not even bother to put any effort to their studies. So most university lecturers are tired of it they will just pass the students because there is no standard..and if at the end of the day they are forced to pass them why waste their time and we call these graduates??!! If we have this much Engineers and Drs. why do we need to bring Chinese Engineers? Look at their result.. a building that falls over night...roads that are going to be out of service within a year or two where do you think this comes from? from 27 M EDUCATED STUDENTS? Hmmm

[@nourbensedrine6381]

Progress takes time specially with out being colonized! It took 200 years for USA to have there freedom and development in this 21 century. Lets hope and support other countries in there progress! Good job for Ethiopians and God bless you on your journey.

[@mdJahir-hc3pu]

I'm interested

[@Nicklessization]

Honest and expert analysis. Good job.

[@mdJahir-hc3pu]

I'm interested

[@user-wi4fj4gd3v]

Good job!Ethiopia,and keep going on.Greetings from China!

[@afeworkabraham1948]

thank you sei sei

[@tesfanshyoutube3814]

Ethiopia🇪🇹 🤝 🇨🇳China 😍♥️

[@tyronewade5788]

Cost to be the boss....Keep it grinding n hustlin Ethiopia !!!!

[@cinnamonstar808]

Al Jazeera🗑️ always throwing shade when it comes to Africa

[@peaceharmony1943]

Good work Ethiopian people . Love from US, they were abandoned by West for decades.

[@reflectionofyou3065]

Grow Africa, live up to your true potential

[@ayubeawel9301]

we are land locked none oil, but fastest growing country.

[@kintulawrence.5468]

For sure. Love from Uganda!!!

[@terhgasabeha9552]

What about the rich soil in Ethiopia. Eritrean may have the sea and not heavy agriculture.

[@power4life789]

This Is Awesome 💥💥💥💥💥

[@theconceptsinscribed8859]

Ethiopia is a great country with great people

[@hushamzein6760]

Why the comparison with China or any other country? In older days development was related to western models, and now to the Chinese model. However I think any country can make it's own model with clear vision, political determination and continuity.

[@dawetabebe3947]

THEY SAY THE SAME THING TO CHINA 25 YEARS AGO BUT LOOK AT WHO IS LOUGHING NOW .NOBODY GONE STOP AS WE AFRICANS CAN DO IT

[@Isochest]

Ethiopia needs to increase exports. I am sure it's competitive in manufacturing

[@betilove3883]

Ethiopia will raise her hands to god

[@curtiscarpenter9881]

I think it will be interesting considering how or what this man says what that will reflect between UK and Ethiopian trade?🔏🧠🤑

[@200kview2]

Abisinya have started shining ... We are back ✊

[@meylie2329]

Greetings From Tokyo asian Tiger

[@edisonbolivia1143]

Wao nice one for Africa

[@maxspechter4321]

Gotta love the narrator's intonation 😁

[@ambessashield9360]

Watch Qatari based Al Jazeera report negative reports now that UAE helped meditate peace between Ethiopia and Eritrea. The foreign currency shortage was also handled by UAE injecting a billion dollar to Ethiopian national bank (it’s not aid or loan).

[@abdullahiahmed3425]

Jonte Ded aidstopia is a landlocked garbage dump , admit it

[@AdamSahr-cj4kf]

UAE ?1 It has huge financial problems of its own... Airlines are losing money by the billions of dollars and construction companies are near bankrupt. Please don't mention the morally bankrupt UAE.

[@themac9677]

Abdullahi Ahmed you mean the cradle of mankind?

[@DarkSideSixOfficial]

The UAE didn't do a thing. The presidents of two countries decided to make peace and drop war. That simple. All it takes two leaders to just talk and realize how pointless war is.

[@Godblsu]

Jonte Ded that's very funny

[@tesfanshyoutube3814]

Good bless you Ethiopia 🇪🇹 🇪🇷🇨🇳😍♥️🙏

[@afridrd]

much love ❤ from Western Sudan 🇸🇩 darfur keep going guys I love ❤ you guys but my advice for you never trust Chineses things

[@yemanekidane2984]

we coll with China Sudan and Egypt our enemy

[@honestbilly.880]

什么意思？

[@AR-gu2no]

ethiopia needs a port to help in trade and better the economy , its hard for landlocked countries.

[@kintulawrence.5468]

But very many countries with ports Yemen, Mozambique, Eritrea, etc but lag far behind Ethiopia Loo!!!

[@mlionea]

Ethiopians should be talking about Ethiopia. Not an enemy from Europe

[@asol3979]

believe in Ethiopia

[@iali00]

What’s the literacy rate in Vietnam? The population in Ethiopia is much larger than Vietnam so why shouldn’t they go after manufacturing? These Euros really hate seeing African countries advance and try to move away from reliance on Europe.

[@howiemwas1]

East Africa has Kenya, Uganda, Tanzania, Rwanda and the Horn of Africa. The horn of Africa has Eritrea, Somalia, Ethiopia and Djibouti.

[@hto560]

South Sudan and North Sudan?

[@till-ulrichhepp8113]

It seems they should urgently teach people of any age to read and write in the local language plus distribute some English textbooks and learning software. This could easily produce millions of literate people who can also use the lingua franca of the world, English.

[@chulonger]

I completely agree with Charles Robertson’s reflection about education in Ethiopia because young people strive to richness without any basic knowledge of anything. The few educated professionals they struggle to get a job. The government has to invest a massive amount of money for education first instead of building a street. Ethiopia to be considered developed ; must work hard that every citizen has education, health care, access to transport, potable water, food and shelter, just to mention the basic every human being should have.

[@hakcg3357]

In sha Allah Ma Ma Ethiopian 🌹🌹🌹

[@AfricatheMotherLand]

WHETHER YOU LIKE IT OR NOT ETHIOPIA WILL RISE!!! You have been saying for over a decade now....

[@delnayo9474]

Oh Yeah? and the rest of the world will stop and wait??

[@user-fi1zk6ke2f]

missing the coffe there

[@JoeSmith-tg8ck]

Thanks aljazzera for the positive criticism of ethiopia..we need it

[@gamutenasir4305]

Mohamed adow accent is super

[@yvng4697]

👏👏👏

[@yosefnegussie8790]

where do you get this guy ? @ 4:50 he is not speaking the facts, may be just what is in his mind, the footage i highly doubt is in Ethiopia. And one the dam is inaugurated, and connected to the main grid, no power shortage will be seen in Ethiopia.

[@Soulflower11]

What's up with Charles hair?

[@soraya.e5482]

I can't wait until they day we can start traveling to these countries because their infustructure has gotten better

[@petpowell364]

I love Ethiopia so much

[@jesuswonderfullcherchamen7781]

Ethiopia of four century king

[@GTMASSIVE7]

Lost are the farms. One can not eat concrete. The richest soil has been forgotten for a modern experiment.

[@nison5347]

Ethiopia rising up ⬆. We are baaack 😜

[@lwandathomas2088]

But whats the use of having this huge percentage growth if there's no improvement on the quality of life & education, I mean our economy in South Africa has been growing at 1% for the past couple of years but I can assure u that government is delivering to its people & improving lives...my point is that Corruption is holding Africa from becoming a better world let us focus on fighting that, rather than boasting about 8% growth & china...

[@warrentanquest1057]

Ethiopia is truly an African economic force to reckon with, it is going to widen the gap against it's eastern African counterparts.

[@byc6230]

There will never be a second China on earth.

[@bircruz555]

But that was never the point. Just a comparison for people to hang their hats on. Neither is Ethiopia following destructive Chinese practices in environmental matters, which I believe is a great policy.

[@slimpickens9135]

BYC or an Ethiopia for that matters!!! You can say that about any nation really.........ya jackass loser!!!

[@sean659]

The reason is just about every country compete to be the next China. The Chinese model no longer work.

[@bro.ianmuhammad4331]

High honors to our beautiful sisters of Ethiopia, you have a sisterhood in the MGT of the Nation of Islam in the West.

[@ernestsinje9532]

They should be careful with Chinese

[@jasminwu3353]

Even though I’m an oversea Chinese, I would like to use “Ethiopia model” because of the foresight from its own elites, rather than “African’ China” from western media. I do think Ethiopian has its special history, culture and language, who would be one of paragons for all countries in Africa and all African all over the world. The dramatic developing and changes in the past 30 years give the whole continent inspiring and learning, confidence, respect and admire from others, light of future for offspring, self-identification and so on. These pain wounds caused by colonization and slave trade could find out some rectifications.

[@sammyaden9016]

Ethiopia is a Yugoslavia in the making Now there having a civil war now because of ethnic violence If learn about Ethiopia you will understand why there a 30 years war to prevent Eriteria independence and somalia vs Ethiopia to reclaim the Ogaden

[@jasonfree715]

Go Africa ，prove yourself ! You can be as independence and prosperity as China !

[@Abiti3131]

Africa has a large quantity of natural resources, including diamonds, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum and cocoa beans, but also woods and tropical fruits. Having a low human density, for a long period of time Africa has been colonized by more dynamic groups, exploiting African resources. Some economists[1] have talked about the 'scourge of raw materials', large quantities of rare raw materials putting Africa under heavy pressures and leading to wars and slow development. Despite these abundance of natural resources, claims suggest that many Western nations like the United States, Canada, Australia, France and the United Kingdom as well as emerging economic powerhouses like China often exploit Africa's natural resources today, causing most of the value and money from the natural resources to go to the West and East Asia rather than Africa, further causing the poverty in Africa

[@yehdegoyosephe1196]

the real problem for the Ethiopia economy is those to old regime in eritrea and Ethiopia has been hard to anderstande the to country filing. enough people but not a good GAVREMEN

[@hawihawi9260]

Who was translating this? It’s not accurate

[@mahbubdawood2909]

British,an Italy etc have ruled in Africa China was remaining one and we sing the songs of an independent and freedom

[@ayitian1]

Abyssinia 🙏🏾

[@afroafro2212]

ayitian1 Abbesina is only north Ethiopian- Habasha

[@respectknuckles428]

beware of the Chinese

[@anonymoususer5959]

Now China is leaving Ethiopia and war comes back.

[@dorellwillis4183]

Pease Brothers piece by piece don't fall in to the Trap

[@belenhiwote5603]

Ethiopia is the real old Africa.

[@monegoncco]

🇪🇹🇪🇹🇪🇹🇨🇳🇨🇳👏👏❤️❤️❤️❤️❤️

[@7atwaltham]

Make business not war.

[@abebe7532]

Yasferal ere !!! Ke china yesewiren abo !!

[@lifeisgood2802]

The problem in Currency shortages & sales decline is selling made in China product, which is not good quality. Even in Eritrea people sell Chinese product, but I will never buy. I rather buy good quality and pay extra money that will last a lot longer.

[@sosoable]

I know you are poor. You can't afford good Chinese products.

[@terryjoshua4910]

Well the solution is clear. America needs need to invest in Ethiopia....

[@annyoung7853]

Terry Joshua the United States of America and the United Kingdom give more financial aid to Africa than any other countries. These are not loans, it's charity Michael Jackson raised money in addition to what the government gives with his USA for Africa video "We are the world" "Man in the mirror" was also to promote charity for Africa. He sent the message of good tidings and charity

[@lynnleigha580]

Such a good looking people 😍

[@ElCAPA-bu5kf]

Wakanda forever

[@thenowchurch6419]

Live up Ethiopia. Emperor Haile Selassie 1 is watching with great interest from the spiritual plane.

[@simisimisimisimi3552]

China colonizing Ethiopia 😢

[@alvinchongchong9712]

1 county 2 sytem

[@thebestoflondon]

Bring back the monarchy and things can improve politicians just focus on their pockets a king or queen will help the people a bit more .Ethopia was the first introduce education, religion and even the plane into Africa now they behind ever since they had no Monarchy.

[@hyehadi123]

No,Bangladesh Is Going To Be The Next China

[@fredwooten14]

Asians and Europeans don't let African companies do anything in their countries!

[@downnice95]

Because Africans are too stupid to do it themselves

[@johnpegu5787]

Good work china

[@vlventureworx1776]

Go Cryptos Brothers!

[@KoKnYurAzz]

thanks to pres. trump and his friendship with africa. now countries like ethiopia can help its own ppl get jobs and not have to migrate to other countries becoming a burden. hopefully other african counties will follow this example and work closely with mr. trump and bring prosperity to its ppl.

[@damanredarnishu5509]

Donald trump hasn't done anyting for ethiopia and definitly not for the whole africa

[@northkackk274]

We not just new china.We will beyond china

[@sosoable]

Now China is the second largest superpower in the world

[@JuicyMango-ct2wz]

Ask yourself, who has been helping Africa?

[@danaytbulom805]

It has once been said that African countries can not grow at a rate of more than 6%, Ethiopia proved that wrong, And still there are the naysayers saying negative things about the growth of Ethiopia, Ethiopia will prove them wrong.

[@hadasyohanneskafela8939]

Migrant from Eritrea named the way to be in Ethiopia :Libya

[@realfinesser7265]

But better than china