The rapprochement between the neighbours should also allow for better economic relations, which are critical for the economic growth of the two countries, African Development Bank (AfDB) President Akinwumi Adesina said on Friday. His moves to liberalise the economy by opening up lucrative state-owned assets to foreign investment have been cheered by his people as well as outside investors keen to enter one of Africa’s last untapped markets.īesides his stated desire to attract foreign capital into one of Africa’s most closed states, Abiy has brokered peace with Eritrea, with whom Ethiopia fought a border war two decades ago. Since taking office in April, Abiy has turned politics and the economy on its head in the nation of 100 million people.
