The year 2024 was marked by significant accomplishments and continued setbacks. Albeit marred by past and present challenges, Ethiopia has seen a string of achievements in diplomacy, economy, and other spheres. The conflicts in some pockets of the country, economic inflation, and backlogs of predicaments did not deter glittering stories unfolding in the nation.
From energy to diplomacy, Ethiopia enjoyed remarkable growth in 2024. In what could be an extension of the Pretoria peace deal, the country extended an olive branch to an armed group, sending a message of reconciliation.
The year also saw an unprecedented turnaround in the economic sector with the government introducing a macroeconomic reform and floating currency system. The year also witnessed a greater economic liberalization with lawmakers ratifying a bill that allow foreign investment in the banking sector.
Equally true, the country had also seen a fair share of problems, from the ongoing conflicts in some Amhara and Oromia states to the rising cost of living, the country faced various obstacles with some awaiting stopgap and long-term remedies. And, the ongoing National dialogue and transitional justice also flicker a ray of optimism, especially in redressing lingering contentious issues.
Against the odds, the positive achievements the country registered outweighed the shortfalls. The country has made significant strides in terms of pursuing peace and advancing various development initiatives. The previous period has been marked by numerous successful projects that reflect the nation’s commitment to growth and stability.
In the past year, the country had undergone a key shift towards peace, driven by the government’s proactive strategies and the readiness of various armed groups to engage in meaningful dialogue. This environment fosters hope for resolving the country’s myriad conflicts, demonstrating the potential for unity and reconciliation among its diverse communities.
Quite for a while now, the Ethiopian government has been actively engaging in dialogue with various armed groups throughout the country. A recent breakthrough was achieved when the Oromia Regional Government successfully entered a deal with former leaders of the Oromo Liberation Army (OLA), including Jaal Segni Negasa. This crucial development highlighted the power of communication and negotiation in alleviating political tensions and fostering reconciliation.
The country’s genuine position to bury the hatchet and resolve disputes reverberate beyond its borders. At the heart of the diplomatic triumph is Ankara’s declaration that foiled external aggression and unholy alliance.
The peace deal with Ethiopia and Somalia signed on 11 December 2024, serves as a fundamental framework aimed at promoting enduring peace among neighboring countries. This agreement emphasizes collaboration in areas such as security, economic development, and environmental sustainability, underscoring Ethiopia’s commitment to being a key player in regional stability.
The discussions surrounding the Ankara Declaration focused on several critical issues, including the need for collective security measures to minimize the cross-border conflicts that threaten regional stability by accepting the legal question of sea access.
Furthermore, it highlighted the standing of economic integration, advocating for sea access that enhances trade and investment among East and Horn African nations. This sea access not only boosts the country’s economies but also creates jobs and reduces poverty, contributing to long-term stability among the nations of the region.
Moreover, it represents a comprehensive approach to regional peace and stability, exemplifying Ethiopia’s proactive role in addressing multifaceted challenges and creating a foundation for a prosperous future in East Africa.
Beyond peace-building efforts, Ethiopia has also taken measures to tackle the pressing issue of climate change while striving for sustainable economic development. The government is focusing on non-polluting industries such as tourism and renewable energy sources, including solar and hydroelectric power. This dual approach addresses environmental challenges while fostering economic growth.
One notable initiative within this climate change action outline is the Green Legacy Program. Over the past five years, Ethiopia has successfully planted more than 40 billion seedlings across various regions, significantly contributing to reforestation and biodiversity efforts.
The country even made history by planting over 615.7 million saplings in just one day, surpassing the initial target of 600 million. This monumental achievement is a critical milestone in Ethiopia’s Green Footprint program, which aims to combat climate change, restore degraded lands, and ensure food security for future generations. Prime Minister Abiy Ahmed’s inspiring leadership has galvanized a nation, uniting citizens of all ages in a common cause to rejuvenate the environment.
In a similar development, on august 24/2024, Ethiopia started the third and the fourth turbines of the Grand Ethiopian Renaissance Dam (GERD), a milestone achievement for the development of the nation.
During the inauguration, the country’s Prime Minister Abiy Ahmed (PhD) highlighted its transformative impact on Ethiopia’s energy landscape. This advancement not only significantly boosts electricity access for millions of Ethiopian citizens, enhancing their quality of life, but it also greatly increases the country’s capacity to export electricity to neighboring nations such as Sudan, Kenya, and Djibouti.
According the government data, the GERD is a crucial element in Ethiopia’s vision for economic development and energy security. With these new turbines, the dam’s total electricity generation capacity grows, positioning Ethiopia as a regional leader in renewable energy production. This development fosters stronger energy cooperation with neighboring countries, promoting both economic interdependence and regional stability.
Moreover, the successful start of the third turbine reinforces Ethiopia’s commitment to sustainable development and climate resilience. The GERD is not only a source of clean energy but also serves as a model for large-scale infrastructure projects that prioritize environmental sustainability. The dam symbolizes national pride and collective aspiration for a prosperous future, facilitating greater energy access while contributing to regional integration and cooperation.
Additionally, the government inaugurated several recreational tourism villages, such as Beynouna Village and National Palace in the previous year. These areas have transformed from volcanic landscapes into serene retreats, showcasing Ethiopia’s commitment to sustainable tourism development.
Beynouna Village, in particular, merges traditional architectural styles with modern construction, creating a unique space that attracts visitors while enhancing local economies. It exemplifies the belief that transformation is possible, according to the Premier. The ongoing development initiatives and resilience exhibited by the Ethiopian government in the face of natural challenges suggest a bright and prosperous future for the nation.
Recognizing untapped potential is crucial for fostering economic growth and enhancing Ethiopia’s global reputation. It is essential to promote both developed and underdeveloped facilities that can significantly contribute to the country’s economic landscape.
To sustain these development efforts, continued collaboration with international partners is necessary. Their support will help accelerate growth and development across various sectors, ensuring that Ethiopia remains on its path to prosperity.
All in all, the year 2024 stands as a period marked by significant advancements in both peace and economic sectors.
BY FIKADU BELAY
THE ETHIOPIAN HERALD WEDNESDAY 1 JANUARY 2025
