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Ethiopia is undergoing a dramatic economic transformation, pivoting from a decades-old state-led model to ambitious liberalization. Under Prime Minister Abiy Ahmed, the government has opened key sectors such as telecoms to foreign investment and floated its currency, painful measures that have unlocked billions in international funding and positioned the country for impressive growth. However, this economic overhaul faces its ultimate test: creating enough jobs for one of the world’s youngest and fastest-growing populations. The nation must generate over 10,000 new jobs daily to absorb the millions of young people entering its workforce. While international job-creation programs provide some support, experts argue that the real solution lies in unleashing the private sector.
African Business