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World Business Report: First broadcast 2019/08/09 14:32 GMT: Ethiopia: Africa's latest economic miracle?

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Ethiopia: Africa's latest economic miracle?

First broadcast 2019/08/09 14:32 GMT

First broadcast 2019/08/09 14:32 GMT: Ethiopia: Africa's latest economic miracle?

BBC World Service - World Business Report, Ethiopia: Africa's latest economic miracle?

Will diaspora return and investment come to Africa's fastest-growing economy?

In Ethiopia - Africa's fastest growing economy - non-citizens can invest in the country for the first time. So will diaspora return and investment flow?

For decades, Ethiopia was troubled by war and famine, largely cut off from the world’s economy. But now it is Africa's fastest growing economy and last month, non-citizens were allowed to start investing in the country for the first time. There are still problems - ethnic conflict last summer displaced more than two million people. There has been an attempted coup and government internet and phone network shutdowns are common. So will diaspora return and investment flow to Ethiopia? We speak to potential investors in London, a billionaire Ethiopian now in Washington DC and get the view from Addis Ababa. Plus, Malaysia has charged 17 former and current Goldman Sachs bankers over the corruption investigation at its state development fund, 1MDB. Our business correspondent Theo Leggett gives us the latest. And the UK economy has  contracted in the second quarter of 2019. So is a recession looming, is it the Brexit effect, or just a blip? The BBC's Economics Editor Faisal Islam asks the UK Chancellor Sajid Javid.

(Photo: Ethiopians wave national flags and celebrate in the streets of Addis Ababa. Credit: Yonas Tadesse/AFP/Getty Images.)

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First broadcast 2019/08/09 14:32 GMT: Ethiopia: Africa's latest economic miracle?

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