Economics
Ethiopia Losing Foreign-Investment Appeal on Attacks
- State of emergency declared after 11 months of protests
- Government facing biggest threat to its rule in 25 years
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Ethiopia’s attraction as a favorite new destination for foreign investors is fast dissipating as businesses owned by Nigerian billionaire Aliko Dangote and Dutch fruit processors come under attack in growing political unrest.
The government declared a six-month state of emergency Sunday to deal with the violence accompanying protests by ethnic Oromo and Amhara communities that began 11 months ago over dispossession of their land, political marginalization and state repression. The security forces have killed more than 700 people during the demonstrations, according to the Association for Human Rights in Ethiopia. The government says the attacks are being orchestrated by “foreign elements.”