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Ethiopia Offers Investors a Tantalizing, If Tainted, Promise

Nov 22, 2018 | 10:00 GMT
Chinese Premier Li Keqiang and then-Ethiopian Prime Minister Hailemariam Desalegn attend a signing ceremony at the Great Hall of the People in Beijing on May 12, 2017.

Chinese Premier Li Keqiang and then-Ethiopian Prime Minister Hailemariam Desalegn attend a signing ceremony at the Great Hall of the People in Beijing on May 12, 2017. China has invested heavily in Ethiopia, but questions remain as to Addis Ababa's ability to pay back the loans from Beijing.

(THOMAS PETER - POOL/Getty Images)

After a stunning 2018, Ethiopia is poised to make more waves in 2019. The country's ambitious prime minister, Abiy Ahmed, has neutralized threats to his rule at home and brokered a peace deal abroad. What's more, his promise of economic liberalization has generated significant interest from international investors and multinationals dreaming of entering a massive market that was largely closed to the rest of the world. But how Addis Ababa manages this process over the next year will have an outsized impact on its growth prospects in the years ahead....

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