https://en.sputniknews.africa/20241113/ethiopias-economy-expected-to-grow-by-84-in-current-fiscal-year-finance-ministry-says-1069203573.html
Ethiopia’s Economy Expected to Grow by 8.4% in Current Fiscal Year, Finance Ministry Says
Ethiopia’s Economy Expected to Grow by 8.4% in Current Fiscal Year, Finance Ministry Says
Sputnik Africa
Ethiopia, with about 126.5 million people, is one of Africa's fastest-growing economies, according to the World Bank. However, since 2018, it has faced... 13.11.2024, Sputnik Africa
2024-11-13T10:05+0100
2024-11-13T10:05+0100
2024-11-13T10:25+0100
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Ethiopia’s economy is expected to grow by 8.4% in the current fiscal year, Ahmed Shide, the finance minister, told local media during the briefing.Macroeconomic reforms will play a significant role in the development of the country’s economy, the minister said. Shide added that reforms, in particular, were implemented in the foreign economy sector. The measures were aimed at granting licenses to non-bank foreign exchange offices. The minister also noted that in the first four months of the 2017 fiscal year, all commercial banks recorded $3.3 billion in foreign currency earnings, showing a growth of 13.5 percent compared to the same period last year. Shide pointed out that the macroeconomic reforms have improved the situation in agriculture, manufacturing, mining, and tourism. The Ethiopian fiscal year 2017 started on July 7, 2024, in the Gregorian calendar.
https://en.sputniknews.africa/20241026/ethiopia-reportedly-exceeds-export-revenue-goals-reaching-15-bln-in-first-quarter-of-current-fy-1068897599.html
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east africa, ethiopia, economy, finance minister, economic growth, reforms, development
east africa, ethiopia, economy, finance minister, economic growth, reforms, development
Ethiopia’s Economy Expected to Grow by 8.4% in Current Fiscal Year, Finance Ministry Says
10:05 13.11.2024 (Updated: 10:25 13.11.2024) Ethiopia, with about 126.5 million people, is one of Africa's fastest-growing economies, according to the World Bank. However, since 2018, it has faced multiple challenges, including natural disasters like droughts and floods, the Tigray conflict, and the COVID-19 pandemic.
Ethiopia’s economy is expected to grow by 8.4% in the current fiscal year, Ahmed Shide, the finance minister, told local media during the briefing.
Macroeconomic reforms will play a significant role in the development of the country’s economy, the minister said. Shide added that reforms, in particular, were implemented in the foreign economy sector. The measures were aimed at granting licenses to non-bank foreign exchange offices.
The minister also noted that in the first four months of the 2017 fiscal year, all commercial banks recorded $3.3 billion in foreign currency earnings, showing a growth of 13.5 percent compared to the same period last year.
Shide pointed out that the macroeconomic reforms have
improved the situation in agriculture, manufacturing, mining, and tourism.
The Ethiopian
fiscal year 2017 started on July 7, 2024, in the Gregorian calendar.
