https://en.sputniknews.africa/20241003/ethiopian-economy-boasts-81-growth-in-concluded-2016-ethiopian-fiscal-year-1068543167.html
Ethiopian Economy Boasts 8.1% Growth in Concluded 2016 Ethiopian Fiscal Year
Ethiopian Economy Boasts 8.1% Growth in Concluded 2016 Ethiopian Fiscal Year
Sputnik Africa
Ethiopian government's "Agricultural-Development-Led-Industrialization" strategy aims to transform the country's economic structure by promoting agriculture as... 03.10.2024, Sputnik Africa
2024-10-03T15:55+0200
2024-10-03T15:55+0200
2024-10-04T11:55+0200
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Ethiopia's macroeconomic committee met to review the performance of the country's new economic reforms, aiming for double-digit growth in the current fiscal year. The reforms, part of the Homegrown Economic Reform agenda, have yielded positive results, according to Ethiopian Planning and Development Minister Fisum Assefa.Agriculture: 6.9% growth, driven by a 7.8% increase in cereal production.Contributing factors:Manufacturing: 9.2% growth, with large and medium-sized industries growing by 10.2%.Contributing factors:Services: 7.7% growth.Contributing factors:Fisum Assefa expressed optimism about Ethiopia's economic prospects, noting that the country is on track for continued growth, supported by ongoing efforts to address infrastructure bottlenecks and the operationalization of new industries.
https://en.sputniknews.africa/20240930/ethiopias-mines-ministry-estimates-gold-to-bring-800-million-this-financial-year-1068488789.html
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economy, ethiopia, east africa, economic growth, ethiopian airlines, production, industry, tourism industry
economy, ethiopia, east africa, economic growth, ethiopian airlines, production, industry, tourism industry
Ethiopian Economy Boasts 8.1% Growth in Concluded 2016 Ethiopian Fiscal Year
15:55 03.10.2024 (Updated: 11:55 04.10.2024) Ekaterina Shilova
Writer / Editor
Ethiopian government's "Agricultural-Development-Led-Industrialization" strategy aims to transform the country's economic structure by promoting agriculture as a key driver of growth, both for export and domestic markets.
Ethiopia's macroeconomic committee met to review the performance of the country's new economic reforms, aiming for double-digit growth in the current fiscal year. The reforms, part of the Homegrown Economic Reform agenda, have yielded positive results, according to Ethiopian Planning and Development Minister Fisum Assefa.
Agriculture: 6.9% growth, driven by a 7.8% increase in cereal production.
Government focus on agriculture;
Bounty of the Basket program;
Livestock sector (30% of growth).
Manufacturing: 9.2% growth, with large and medium-sized industries growing by 10.2%.
Reopening of war-closed factories;
Tourism rebound following the COVID-19 pandemic;
Key roles of Ethiopian Airlines and ethio telecom.
Fisum Assefa expressed optimism about
Ethiopia's economic prospects, noting that the country is on track for continued growth, supported by ongoing efforts to address infrastructure bottlenecks and the operationalization of new industries.
