[ja'far]

The economist wrote an article were they predict 10% growth for Ethiopia and Eritrea for 2011, making the them the third fastest growing economies after Qatar and Ghana.

Eritrea's economy will grow 10%?

wow, i am suprised by that?

 

[ja'far]

I always see it in Borders but I never bothered to buy it. Might have to make a trip today to go and get it.



It's due to the anticipated mining boom. The economy is tiny and was even contracting for a few years so a few millions from gold will create large booms (in numbers at least). It's not going to have much impact though unless it's used properly over several years and the government stops its anti-business mentality.

Then Mr. Afewerki needs to diversify the economy there, becuase it can help other sectors boom.

You guys are also growing at 10% again?

 

[ja'far]

^^ Yes, that's what The Economist and AfDB project for Ethiopia. The IMF (which always underestimates) says 8.5%.

8.5% is great.

I am not ecomomist, but that growth rate is something that only handfull of countries in Africa or the World at large are capable of achieving.