Ethiopia, April 24 – Ethiopia is poised to lead the growth of Sub-Saharan Africa with the continuing investments in infrastructure on-going in the country. World Bank believes the investments will remain high in the year to scale the projected growth of the region higher than before.
Infrastructure has been a barrier to growth especially better transport networks for effective transportation of goods and people to reach the intended destination at the right time with a lot of ease. Poor transport networks has made some places highly inaccessible limiting their growth and potential to land investments for massive life-changing opportunities.
President John Magufuli set and industrialization goal for Tanzania that is yet to be fully implemented for the sector to be revived. A number of factories have been set up to fulfill the President’s expectations for the industrialization sector to build a stronger economy with a stronger currency. This will give the country an upper hand to produce and export more other than have external sources to help the government.
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Rwanda has been on the brink of great performances as it journeys to become Africa’s ease of doing business destination having implemented the objectives to have a better business resilience climate for investors. The country is quite competitive in the regional market with the settlement of a number of investors this year showing their trust in the economy of the country.
Ethiopia is slowly rising, the government hoping to compete beyond the continent with what the country can produce. Like other African countries, the country is looking for ways to lure investors to give the country more business and job opportunities.
African leaders have been urged to hasten their goals for Africa to be more productive and stable. Diversification in their operations will offer them a cutting edge to curb challenges and build empires for their countries.