Allana Potash fka AAA

[Cheeky Kid]

Examining the Depths of Ethiopia’s Corruption

http://www.ipsnews.net/2013/06/examining-the-depths-of-ethiopias-corruption/

ADDIS ABABA/LONDON , Jun 16 2013 (IPS) - Ethiopia may be one of the fastest-growing, non-oil producing economies in Africa in recent years, but corruption in this Horn of Africa nation is a deterrent to foreign investors looking for stable long-term partnerships in developing countries.

“Bankers, miners and developers presenting projects to investment committees in countries that fare badly in corruption rankings frequently struggle to get investment. Corruption raises red flags because it makes local markets uncompetitive, unpredictable and therefore largely hostile to these long-term players,” Ed Hobey, the East Africa analyst at the political risk firm Africa Risk Consulting, told IPS.