<\/p>\n
AMECO AFRICA<\/p>\n
Addis Ababa, 3 November 2026. Once a wheat importer reliant on aid, the country is now being likened to “Africa’s China,” says economist Zemedeneh Negatu<\/strong><\/em><\/p>\n A country that once depended on imported wheat and aid is now projected to join the world’s largest economies. Ethiopia’s gross domestic product (GDP) is set to reach $1.6 trillion by 2050, according to a long-term forecast by the New York-based investment bank Goldman Sachs, economist Zemedeneh Negatu has said.<\/p>\n In an interview with the Ethiopian Broadcasting Corporation (EBC), Zemedeneh said Ethiopia has been registering remarkable growth since undertaking macroeconomic and financial structural reforms.<\/p>\n Citing International Monetary Fund (IMF) projections, he noted that Ethiopia is the world’s second-fastest-growing economy. He said the country is recording GDP growth of 9.2 percent, more than double the African average of 4.2 percent.<\/p>\n Zemedeneh said the Goldman Sachs forecast indicates that by 2075 Ethiopia will become one of the world’s 20 largest economies, reaching $6.2 trillion and ranking alongside Saudi Arabia, T\u00fcrkiye, Italy and Canada.<\/p>\n He explained that, although Ethiopia’s population (138 million) is smaller than China’s, the country is being called “Africa’s China” because of its capable, hardworking young workforce and affordable energy supply.<\/p>\n He noted that Ethiopia, once a wheat importer dependent on aid, has become self-sufficient in wheat production and is moving toward exporting it.<\/p>\n The economist said the government is securing sustainable growth by prioritizing five key competitive sectors: agriculture, manufacturing, natural resources, tourism and technology. He added that, in terms of foreign direct investment (FDI), Ethiopia has consistently remained among Africa’s top five recipient countries over the past five years.<\/p>\n Precious minerals such as gold, potash and natural gas, the wide-ranging services of Ethiopian Airlines, and the engagement of the diaspora community hold significant potential for generating foreign currency, he said.<\/p>\n However, he stated that the lack of sea access is costing Ethiopia an estimated $40 billion to $60 billion a year in GDP impact, and stressed that this problem must be resolved in a lasting way. AMECO AFRICA Addis Ababa, 3 November 2026. Once a wheat importer reliant on aid, the country is now being likened to “Africa’s China,” says economist Zemedeneh Negatu A country that once depended on imported wheat and aid is now projected to join the world’s largest economies. Ethiopia’s gross domestic product (GDP) is set to […]<\/p>\n","protected":false},"author":13,"featured_media":3459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","footnotes":""},"categories":[2,497],"tags":[],"yst_prominent_words":[1356,427,48,588],"class_list":["post-3457","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured","category-world-economy"],"_links":{"self":[{"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/posts\/3457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/comments?post=3457"}],"version-history":[{"count":2,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/posts\/3457\/revisions"}],"predecessor-version":[{"id":3461,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/posts\/3457\/revisions\/3461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/media\/3459"}],"wp:attachment":[{"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/media?parent=3457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/categories?post=3457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/tags?post=3457"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.ameco.et\/english\/wp-json\/wp\/v2\/yst_prominent_words?post=3457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe punch line, as Zemedeneh put it: Ethiopia’s path to prosperity, built on homegrown economic reform and the Medemer philosophy, is winning international recognition.<\/p>\n","protected":false},"excerpt":{"rendered":"