Wednesday, July 22, 2015
JULY 22 ETHIOPIA: FIVE THINGS TO KNOW
Next week, President Obama will become the first US President to visit Ethiopia. While there, he will address the African Union, which is headquartered in the capital Addis Ababa. Barack will also confer with military advisers, to congratulate their recent victories over the evil al-Shabab Terrorist group. Nonetheless, the visit has confused many, as the word 'Ethiopia' has become a unfortunate metaphor. It's either associated with Famine or BFE: The most remotest of places. We here at the DUNER BLOG thought we'd clear up the confusion with Five important items.
Ethiopia loves the USA. Prior to Obama, the only US President to care about the distant land was Theodore Roosevelt. In 1903, he dispatched an emissary to meet with Emperor Menelik II. Formal relations were established, including the coveted Most Favored Nation status. During the Italian invasion in the 1930's, the US stood by this accord, much to the disdain of Europe.
Ethiopia is growing. With 90 million inhabitants, Ethiopia is full of folks who want to work. Many are, as the nation posted a 10% economic growth rate last year. Ethiopia also earned a B+ ranking from Moody's Investment Bank. While Obama is aware of these possibilities, the US lags behind China and India in investment. They are currently building hydroelectricity plants on the Atbara and Blue Nile Rivers. Other projects including light rail and a freeway to Djibouti.