Africa

ETHIOPIA, Africa’s second most populous country, situated at a strategic location in the “Horn of Africa” near the Gulf of Aden-Red Sea, has now become the region’s fastest-growing economy. Since the early 2000s, Ethiopia’s annual GDP growth has averaged above 10%, making it one of the world’s highest rates. The government’s strong and ambitious economic development strategy proved to be the primary driver of this unprecedented rate of growth. In recent years, owing to its rapid economic expansion and rising strategic importance in the region, Ethiopia has become East Africa’s emerging giant. With the newly initiated “10-Year Development Plan 2021-2030”, based on the 2019 “Home-Grown Economic Reform Agenda”, the Ethiopian Government has set its goals to maintain tremendous economic gro...

Germany intends to replace 'Marshall Plan with Africa' with new strategy to keep Germany in race for Africa against China. BERLIN With a new strategy for the African continent, Germany is preparing to compete against China in search of energy, raw materials, and new markets. In the "Dark Continent," which is remembered for its poverty, the capital problem, drought, and never-ending domestic turmoil make Africa's struggle for industrialization difficult, but the rich mineral deposits and young population continue to attract the attention of developed countries. This increased interest in the continent also leads to an increase in competition between countries. It is noteworthy that Chinese, Turkish, Italian and Indian investments in African countries have increased in recent years, on t...

Pakistan and East Africa’s emerging giant

Germany planning new strategy in Africa to compete with China