As the Ethiopian New Year approaches, it is time to reflect on key moments that captured national and global attention. From political developments to economic strides, the outgoing year has seen significant progress alongside challenges. In this year-end recap, The Ethiopian Herald revisits the major events that made headlines and their implications for Ethiopia’s future.
In January, Ethiopia and Somaliland signed a Memorandum of Understanding (MoU), granting Ethiopia access to the Gulf of Aden coastline. While the MoU was expected to lead to further agreements, details remain limited. Three days later, the Government Communication Service (GCS) clarified that the MoU posed no harm to any party, stating it was based on mutual benefits. However, Somalia opposed the deal, arguing that Somaliland lacked legitimacy to sign such agreements. An in-depth assessment on the MoU’s implementation is anticipated in the coming year.
March marked the inauguration of the Wonchi tourist attraction development project, part of Prime Minister Abiy Ahmed’s “Dine for the Nation” initiative. Located in Oromia State, the project has boosted tourism and improved local livelihoods. Prime Minister Abiy revealed that Ethiopians, both domestically and abroad, contributed 4.2 billion Birr for the development of Gorgora, Wenchi, and Koysha in Amhara, Oromia, and South Ethiopia State respectively.
Also in March, the Addis Ababa Corridor Development Project was launched. With an estimated budget of 33 billion Birr, the first phase of the project is nearing completion, upgrading key routes and improving connectivity. Reviewed by the Prime Minister, the project’s progress was monitored by the city’s Mayor and Deputy Mayors. The second phase is expected to be completed within months.
Premier Abiy addressed concerns regarding the corridor project’s impact, acknowledging that it may affect properties owned by various sectors. However, he emphasized that the long-term benefits will outweigh the challenges for all stakeholders. In recent years, Addis Ababa has been undergoing some big changes. The latest corridor development project is a continuation of reform plans to transform Addis into a smart and modern city by reviving neglected urban districts.
In June, the much-anticipated National Dialogue began its agenda-gathering process in Addis Ababa, continuing across other states and cities in the following months, as announced by the Ethiopian National Dialogue Commission.
In July, PM Abiy announced Ethiopia’s full implementation of a macroeconomic reform policy aimed at addressing structural challenges such as debt, inflation, unemployment, and low productivity. “This comprehensive reform agenda will enable us to achieve high and stable economic growth, maintain single-digit inflation, and build a globally competitive economic system,” he said.
In August, the year concluded with the activation of the 3rd and 4th turbines of the Abbay Dam. In a televised announcement, Abiy confirmed that the dam’s full operation is expected within the first quarter of the new Ethiopian year.
These key moments define the year 2016, setting the stage for Ethiopia’s path ahead as it continues to navigate progress and challenges.
BY YESUF ENDRIS
THE ETHIOPIAN HERALD WEDNESDAY 11 SEPTEMBER 2024
