It was too good to be true. It is too bad it was true for the people of Gambella in western Ethiopia. Last month, the ignoble demise of Karuturi Global, Ltd. (a/k/a “Ethiopian Meadows Plc.”, “Gambella Green Valley Plc (Ethiopia)”, “Karuturi Agro Products Plc (Ethiopia)) in Ethiopia was announced quietly and without fanfare. Karuturi,…
In my last commentary, The World Bank and Ethiopia’s “Growth and Transformation”, I cryptically observed in passing, “… The USD$600 million is money the World Bank loaned to the Thugtatorship of the Tigrean Peoples Liberation Front (T-TPLF) in the name of the People of Ethiopia. Future generations of Ethiopians will be asked to pay it back….
The World Bank lies, Ethiopia dies… from onerous “odious debt” I had completely forgotten about the so-called “Growth and Transformation Plan” (GTP) of 2010, until the World Bank reminded me of it last week. by Alemayehu G. Mariam That “Plan” was the late Meles Zenawi’s gimmick about having an economic plan for Ethiopia. “Ethiopian economic growth…
