Business
Ethiopia Investment Summit to Showcase Opportunities in the World’s Third Fastest Growing Economy
(PRNewswire via COMTEX) – The last decade has shown that in the race to claim the 21st century, Africa will give Asia and a rising Latin America a run for its money. McKinsey global recently published a ground breaking publication named, “Lions on the Move: the progress and potential of African Economies.”
Drawing a direct parallel to the economic emergence of the Asian Tiger Economies, the study fixed impressive numbers against the impending rise of the African Lion economies. “There is no more impressive an African Lion economy on the move than that of Ethiopia,” says Henok Assefa, Managing Partner of Precise Consult International PLC, the organizers of the Ethiopia Investment Summit 2012.
“According to the conservative estimates of the Economist Magazine, Ethiopia will be the third fastest growing economy in the world in the period between 2011-15. It is no surprise that the World Economic Forum has chosen Ethiopia as its host for its 2012 gathering of the continent’s best under the theme, “Shaping Africa’s transformation.”