Despite being hit by devastating droughts this year, Ethiopia is planning on taking the lead as Africa’s power hub, providing electricity to many nations across the continent.
In the past decade, Ethiopia has experienced strong and broad growth averaging 11 percent, more than twice the regional average of 5 percent.
The robust economic growth has earned the country the name, the Lion of Africa, with the growth being invested in railway, roads and dams aimed at boosting electricity production and improving transportation to and in its capital city of Addis Ababa.
Although severe droughts have held Ethiopia back from achieving adequate economic growth, expansion of the services and agricultural sectors account for most of the growth in the country. Other than these, Ethiopia is also placing itself strategically to become Africa’s leading electricity hub.