sequaForum 2024 A01: Focus topic: Ethiopia
Editorial
Ethiopia has launched a ten-year development plan based on its 2019 economic reform agenda, which aims to maintain the high level of growth achieved while at the same time transitioning to a more private sector-led economy.
A prosperous economy in Ethiopia serves German and European interests, for example the promotion of self-sustaining development, improving the living standards of the population, enabling the state to invest in social systems and education. This also promotes peace, creates political stability, reduces migration, enables economic cooperation, opens up new markets, strengthens influence in the region and promotes cooperation and partnerships.
It therefore makes sense for the BMZ and the EU to get involved in the development of the private sector in Ethiopia. A strong economy and a functioning private sector are crucial for the country's long-term growth and sustainable development. By promoting entrepreneurial activities and investments, jobs can be created, income generated and economic stability strengthened. This helps to improve the living conditions of people in Ethiopia and create long-term prospects for sustainable development.
With our projects in Ethiopia, we are making an important and visible contribution to this!
Gebhard Weiss
Managing Director
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