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Ethiopia is spending USD 1.3 billion, 10 per cent of its GDP, annually on infrastructure development. This is said to be, easily, the highest percentage in Africa, according to an article by writers from the South African Institute of International Affairs.
Under the title, “The awakening of a sleeping giant,” the authors report that Ethiopia’s Growth and Transformation Plan has made energy and transport infrastructure particular priorities. They note the ambitious plans to improve infrastructure facilities for its over 80 million people and the progress already made in road and hydropower projects. The report described the huge construction going on in Addis as quite stunning.
“When you walk down the streets of Addis Ababa, in Ethiopia, it feels like the city is one big building site,” it said, adding that this is mainly driven by infrastructure development objectives. The report also covers the meteoric rise of Ethiopian Airlines, which has an extensive network across Africa and an excellent safety record, which has become a regional leader and one of Africa’s three top international carriers.