Embassy of The Federal Democratic Republic of Ethiopa
in the Republic of South Africa






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(EBC; October 25, 2017) - The World Bank Group has granted a global ‘Star Reformer Award' to the Government of Ethiopia for its effective foreign direct investment (FDI) related reforms and the resulting success.

According to a press release the Ethiopian Investment Commission (EIC) sent to EBC today, a high-level Ethiopian delegation headed by Dr. Arkebe Oqubay,  a minister and Special Adviser to Prime Minister Hailemariam Desalgne, received the award at the World Bank Group Investment Competitiveness Forum held in Vienna same day.

Ethiopia, whose economy recently overtook Kenya’s, is now the fastest-growing economy in sub-Saharan Africa, according to a new World Bank report.

This means Ethiopia’s economy will further stretch its lead on Kenya’s even as the latter grapples with economic headwinds, including heightened political temperatures that have left investors jittery.

By Bereket Gebru

It has been a while since Ethiopia earned the "African tiger" reference which came from the famous "Asian tigers". The term the Asian Tigers refers to the countries South Korea, Taiwan, Hong Kong and Singapore (and primarily their economies) and the term started being commonly used in the 1970s. They have been labeled the four Asian tigers since the 1960s when they all followed a similar path to development and went on to become developed at the start of the 21st Century.

Air Tanzania Company Limited (ATCL) has signed a Memorandum of Understanding (MoU) with Ethiopian Aviation Academy, aimed at helping Tanzanian pilots and engineers undergo capacity building training in Ethiopia.
Speaking in Dar es Salaam during the signremony, ATCL Managing Director, Ladislaus Matindi said 12 pilots and seven aircraft engineers will operate on the new Bombadier Q400 and Dreamliner 787 which are expected in the country soon.