Wednesday, January 23, 2019 05.00PM /
Ottoabasi Abasiekong for Proshare WebTV
Ethiopia has been confirmed as the first country in Africa to host the World Economic Forum (WEF), which is usually hosted at Davos-Klosters, Switzerland.
According to the Ethiopian News Agency the founder of the World Economic Forum, Prof Klaus Schwab discussed this with the Prime Minister, Mr Abiy Ahmed, with an agreement to the Ethiopian hosting of the next summit.
Chart 1 Ethiopia GDP 2009-2017 ($’bln)
Source: Trading Economics
Ethiopia had requested for the second time last year to host the World Economic Forum on African soil.
This marks a significant milestone for the African nation credited with remarkable economic reforms and transformation.
The annual Davos World Economic Forum is the gathering of over 1,000 business and political leaders across the globe, to chart fresh pathways for global economic growth.
Africa will be hosting the WEF for the first time since the inception of the summit in 1974.