Ethiopian economy news

Here are some recent news articles and updates about the Ethiopian economy:

GDP Growth

• Ethiopia's economy grew by 8.5% in 2020, according to the World Bank. (Source: World Bank)
• The country's GDP growth is expected to reach 8.2% in 2021, driven by agriculture, manufacturing, and services sectors. (Source: International Monetary Fund)

Investment and Infrastructure Development

• Ethiopia has attracted over $10 billion in foreign investment in the past decade, with a focus on infrastructure development, manufacturing, and agriculture. (Source: Ethiopian Investment Commission)
• The country is investing heavily in its transportation infrastructure, including the construction of a new railway line and the expansion of its airport capacity. (Source: Ethiopian Airlines)

Agriculture and Food Security

• Ethiopia is the second-largest coffee producer in the world, and the sector is expected to continue growing, with exports reaching $1.5 billion in 2020. (Source: Ethiopian Coffee and Tea Development and Marketing Authority)
• The country is also investing in irrigation schemes and other agricultural infrastructure to improve food security and increase agricultural productivity. (Source: Ethiopian Ministry of Agriculture)

Manufacturing and Industry

• Ethiopia has established several industrial parks, including the Hawassa Industrial Park, which is one of the largest in Africa. (Source: Ethiopian Industrial Parks Development Corporation)
• The country is also investing in the development of its textile and garment industry, with several major international companies setting up operations in the country. (Source: Ethiopian Textile and Garment Industry Association)

Energy and Power

• Ethiopia is investing heavily in renewable energy, including hydroelectric power, wind power, and solar power. (Source: Ethiopian Electric Power Corporation)
• The country aims to increase its power generation capacity to 17,000 MW by 2025, up from 2,000 MW currently. (Source: Ethiopian Ministry of Water, Irrigation and Energy)

Challenges and Concerns

• Ethiopia is facing challenges related to inflation, which has been rising in recent years, and the country's large trade deficit. (Source: Ethiopian National Bank)
• The country is also grappling with the impact of the COVID-19 pandemic on its economy, including a decline in tourism and remittances. (Source: Ethiopian Ministry of Finance)

Recent Developments

• In February 2023, Ethiopia and the World Bank signed a $500 million agreement to support the country's economic development, including investments in infrastructure and agriculture. (Source: World Bank)
• In January 2023, Ethiopia and the African Development Bank signed a $1.5 billion agreement to support the country's economic development, including investments in energy and transportation infrastructure. (Source: African Development Bank)

I hope this information is helpful!