Economic Polices and Growth Make Ethiopia Ideal for Success: ACBF

Emmanuel Nnadozie, Executive Secretary to African Capacity Building Foundation (ACBF), remarked that Ethiopia has become “ideal for success” due to economic growth triggered by the right policies.

The executive secretary made the remark in an interview with the Ethiopian News Agency, ENA.

Nnadozie, musing at Ethiopia’s current economic stance, remarked, “Ethiopia in the past 15 years, I can tell you that I am a witness to the phenomenal transformation that has happened here.” Once key occurrence, he pointed out, is the ascent of the Ethiopian middle class. This, he said, is in addition to the physical transformation happening all over the capital, Addis Ababa, which has become a beauty, becoming almost unrecognizable compared to what it were some sixteen years ago in 2003.

“So there is that transformation in physical infrastructure, there is also the transformation in human capital,” he stated.

Commending Ethiopia’s position as “an example of success when it comes to putting in place the right policies to really trigger economic growth and make sure people benefit from it,” Nnadozie praised Ethiopia’s drive of industrialization that is now solidifying the view of exporting value added trademarked shoes to the world market instead of exporting the raw material of hide and skin. Furthermore, Ethiopian Airlines, the largest African carrier, is an embodiment of what “can be possible,” the executive secretary observes.

Established in 1991, the African Capacity Building Foundation, ACBF, is AU’s specialized agency for capacity development aiming to build sustainable human and institutional capacity across the continent.


Source: ENA

 

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