Ethiopia: A View Into Ethiopia's 'Ascendance'

opinion

Many analysts and scholars have said that Addis Ababa is emerging as a major actor in the Sub-Regional, Continental, and even global scenes by mentioning material growth indicators such as economic growth, military advancement or demographic evolution. This piece tries to view Ethiopia's emergence through the angle of cultural prism and the impeccable peacekeeping records that serve as soft diplomatic power for the country.

Ethiopia has recorded rapid and successive economic growth for the past two decades. According to IMF's estimation, the country will be in a position to overtake Kenya as East Africa's largest economy in the very near future. 'The Atlantic Council' points out that investors have continued to flow to Ethiopia with some $500 million in new Foreign Direct Investment in the last quarter of 2016 alone, despite the recent rough patch the country and economy went through (last year's unrest and El-Nino induced drought that affected the agriculture sector).

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