- Nearly nine in ten Africans in the UK say they have been turned down for a mortgage
- EAAIF Completes $325M Debt raise to Accelerate Emerging Market Infrastructure
- AFSIC connections unlocked key funding for the Africa College Foundation to provide education for youth in Africa
- US economic uncertainty to spark boom in UK real estate investing
- East Africa’s Real Estate Market Primed for Those Who Know It Best
Ethiopian protesters attack factories in Africa’s rising economic star
ADDIS ABABA (Capital Markets in Africa) – Protesters in Ethiopia damaged almost a dozen mostly foreign-owned factories and flower farms and destroyed scores of vehicles this week, adding economic casualties to a rising death toll in a wave of unrest over land grabs and rights.
The violence has cast a shadow over a nation where a state-led industrial drive has created one of Africa’s fastest growing economies, but where the government has also faced rising international criticism and popular opposition to its authoritarian approach to development.
The flare-up followed the death of at least 55 people in a stampede on Sunday when police fired tear gas and shot into the air to disperse demonstrators in the Oromiya region near the capital.
Read more: Ethiopian protesters attack factories in Africa’s rising economic star — Reuters Africa News