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Business Daily

Can Ethiopia be brought back from the brink?

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 23 September 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

The country is embroiled in an internal war which has taken a huge humanitarian toll with thousands killed and millions displaced. But that's not the only damage being done to Africa's second most populous nation. The war has incurred a huge economic cost too. As the US threatens further sanctions, Vivienne Nunis asks if Ethiopia can be brought back from the brink. She speaks to Yemane Nagish from the BBC’s Tigrinya service in Nairobi, Will Davison, aformer correspondent based in the country and now an Ethiopia analyst at the International Crisis Group, Irmgard Erasmus Irmgard, the senior financial economist at Oxford Economics Africa in Cape Town and Faisal Roble, a US-based analyst who specialises in the Horn of Africa. (Picture credit: AFP)

Transcript

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0:00.0

Hello and welcome to Business Daily with me Vivienne Nunes. Today we're taking a look at Ethiopia.

0:07.2

A deadly internal conflict has been raging there for months. The human costs have been enormous.

0:13.1

Thousands killed, millions displaced. But that's not the only damage being done to Africa's second most populous nation.

0:20.5

The war has incurred a huge economic cost, too, that could take years to repair.

0:26.2

It is just not financially lucrative at this stage to set foot into a sector in a country as high risk as Ethiopia.

0:34.8

As the United States threatens further sanctions on those involved, we're asking if

0:39.2

Ethiopia can be brought back from the brink.

0:41.8

The economy is clearly just devastated in Tigray.

0:45.2

And with the war ongoing, one of the most worrying things about this situation is that there

0:49.5

is no obvious end in sight.

0:51.6

That's coming up in Business Daily.

0:59.7

Thank you. obvious end in sight. That's coming up in Business Daily. Sounds of Addis Ababa, the Ethiopian capital.

1:03.2

Life there has been relatively normal over the past few months, albeit more expensive.

1:08.4

Something will come to a little later in the show.

1:12.2

But it's a very different story in Ethiopia's northern region of Tigray. It's very, very hard now to imagine what is happening

1:20.1

there. People are on the brink of famine. There is a great station in Tigray and I think the

1:26.8

wallet has to react and respond before it is too late.

1:31.0

That's Yamana Nagish.

1:32.7

He's a senior journalist with the BBC's Tigrinya service in Nairobi,

1:37.1

which serves audiences in Ethiopia, Eritrea and the Tigrindia-speaking diaspora.

1:42.2

Last November, a war broke out between the Tigray People's Liberation Front and Ethiopian

1:47.6

federal forces.

...

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