ADDIS ABABA – At one time Asfaw Tekle Hotel and Merab Hotel may have employed hundreds of workers when their booming years spanned generations in the Ethiopian capital. Today the doors of the once-famed businesses remain closed to their patrons after the government of Prime Minister Meles Zenawi shut them down for respecting a civil disobedience order called by the popular opposition Kinijit.
Since the government lost in the May 2005 elections, it has been a year of great economic and political turmoil in Ethiopia, with the one-man dictatorship surviving on a nationwide terror that has produced at least five concentration camps. The government’s measures are quietly being met with the people’s silent killer: an economic boycott that has impacted everything from the national carrier to giant businesses. For instance, a boycott has brought state-owned breweries like the Gondar-based Dashen down to bunkruptcy.
But for the 15-year-old government of Meles Zenawi whose staple diet has been media manipulation and misinformation, all is OK and the economy is a horse galloping mightier than ever before. Read on:
“Addis Ababa – Independent research has confirmed that Ethiopia’s growth recent growth activity has been remarkable.
Ethiopia has managed an average GDP growth of seven percent over the past three years and brought inflation down from 15 percent to five percent. The figures, which are the most impressive amongst the six African countries striving to attain the millennium development goals (MDGs) and this has resulted in sceptics as to the accuracy of the figures.
However, research compiled by the African Development Bank (ADB), the United Nations Development Programme (UNDP), and the World Food Programme (WFP) has confirmed the country’s noteworthy growth.
Researchers have linked the growth to government’s role in diversifying the economy away from agriculture while searching for new markets.
The government said that growth would remain sustainable as it increases partnership between agriculture and industry sectors.” (AFP)