O ur Africa expert looks at the next phase in Ethiopia's transformation, and how the country can attract even more investment for the future While the jury is still out on Ethiopia’s first Growth and Transformation plan, known as GTP 1 and running between 2010-2015, I believe that the country has managed to invest significant amounts in key sectors. Infrastructure has received a significant portion of the investment, and rightly so. In general, public sector investments dominate GTP 1; it also saw Ethiopia going to the capital markets to raise funds after it secured better than anticipated rating from the major rating agencies. However, what GTP 1 has not achieved is to capitalise on the participation of the private sector. A poor regulatory environment, petty corruption, nepotism and a lack of financing have negatively impacted the ease of doing business in the country. While investments in infrastructure and other social services are set to continue, let’s zoom in on