In one of my blog posts, I wrote about Ethiopia’s infrastructure development. As usual Kenyans were in denial but the fact remains that Ethiopia is advancing faster than any other African country.
The World Bank report says “Over the past decade, Ethiopia has achieved high economic growth, averaging 10.7 per cent per year. In 2012, Ethiopia was the 12th fastest growing economy in the world. If the country can continue its historically impressive growth performance, it could potentially reach middle income status by 2025.”
We can choose to continue bragging as the largest and diversified economy in eastern Africa or get our house in order and begin to compete with the rest of the world. It is bad enough to be in a leadership position in a region with countries at the tail end of per capita income. FREE MARKET MAGIC
We should at the minimum worry that a neighbouring country is growing twice as much as we are growing. At most we should be trying to catch up with our former peers like South Korea and Singapore.
Our continued foot-dragging culture will translate into a situation where Kenyans will be trying to cross into Ethiopia in search of jobs.
Our false belief that a free market economy will do magic as our leaders crisscross the country in search of a perfect political system will not do it. There is no perfect political system, especially when the players are devoid of any ideology.