INSIGHT-In Ethiopia, state controls hold back a waking giant
* Ethiopia's revival a tale of Africa Rising * Nation still overshadowed by charismatic former leader * Hailemariam cautious on opening state-dominated economy * Ruling coalition keeps ethnic rifts in check By Richard Lough and Aaron Maasho ADDIS ABABA, Sept 17 (Reuters) - When global drinks giant Diageo bought a brewery in Ethiopia, it paid a premium for a stake in a barely tapped African market that in the 1980s had spectacularly failed to feed its own population. Diageo paid $225 million for state-owned Meta Abo, joining a list of firms seeking a foothold in Africa's second most populous nation that was once run by communists and now has an emerging middle class after a decade of double-digit growth. "We paid a premium of course and that was a deliberate decision ... We knew the value of what we were buying," Francis Agbonlahor, Diageo's managing director at Meta Abo, told Reuters in a capital that boasts smart highways and new office blocks.