This year officially Kenya will overtake Ethiopia as the top economy in East africa - IMF
Posted: 23 Apr 2025, 15:30
Look here folks...the most advanced nation in our neighborhood Kenya with the best financial, tourism, real estate and an overall middle income service sector will overtake us in size of good sand services produced even though we have countless millions more people. The problem with Ethiopia's economy is plain for even for the dumbest, the most blinded clueless observers-its lack of investment. The only reliable investor in Ethiopia year after year is the government followed by the diaspora in the form of remittance. These investments are not as productive as foreign direct investments or direct diaspora investments into new and existing businesses. So with very little products being produced, the remittance and government money printing leads to what we have had now for 10+ years - uncontrolled inflation, making us poorer even though we are putting in the work.
So in my belief, Kenya has already overtaken us in many aspects since they have had the basic fundamentals sorted for a while now - a more skilled workforce, better infrastructure, more peaceful politics while we have a peasant dominated workforce, third world infrastructure (except around the capital city and the airline), and degenerated tribal politics that causes permanent instability and I don't see these fundamentals changing anytime soon.
https://www.bloomberg.com/news/articles ... ckout=true
https://africa.businessinsider.com/loca ... my/cx9dxfb
So in my belief, Kenya has already overtaken us in many aspects since they have had the basic fundamentals sorted for a while now - a more skilled workforce, better infrastructure, more peaceful politics while we have a peasant dominated workforce, third world infrastructure (except around the capital city and the airline), and degenerated tribal politics that causes permanent instability and I don't see these fundamentals changing anytime soon.
https://www.bloomberg.com/news/articles ... ckout=true
https://africa.businessinsider.com/loca ... my/cx9dxfb