The future of African economic development?

With respect to the destination of Ethiopia’s exports, some surprising shifts are taking place. Switzerland has (just barely) surpassed China as the top destination for Ethiopia‟s exports.

In what is probably the start of a longer-term trend, neighboring and regional countries are increasingly among the largest buyers of Ethiopian goods: Somalia and Sudan, for example, are both now individually larger export markets for Ethiopia than is the U.S. or Italy or Great Britain.

From Access Capital’s latest report on Ethiopia.

Regional trade is almost certainly underplayed in most development plans. The absence of a freight rail link from Addis to Kenya or Egypt is an absurdity, hopefully to be rectified.