Ethiopia’s GDP Grew by 8%
Commissioner of National Planning Commission of Ethiopia, Dr. Yinager Dese, disclosed Ethiopia’s economy registered an 8 percent growth in the last fiscal year. This is despite the projected 11 percent.
Ethiopia’s GDP Grows By 11.4%
The Gross Domestic Product of Ethiopia has shown a growth of 11.4% in the first year of the five year development plan according to the Ministry of Finance and Economic Development.
The nation’s economic fundamentals remained strong in the budget year in spite of significant challenges including the global economic meltdown and domestic inflation said Sufian Ahmed Minister of Finance speaking at a workshop.
Foreign export revenue showed a growth of 37.1% during the same period with increases recorded in the volume of major export goods and driven by increasing international commodity prices as well policies enacted to enhance competitiveness of products on the market according to Sufian.
Ethiopia’s Government to Increase Investment in Tulu Kapi Gold Mine
Tulu Kapi Gold Mine’s developer, KEFI Minerals, asked the Government of Ethiopia to increase its investment in the gold mining project.
Ethiopia’s Grant, Loan Disbursement Amount Increases by Over 96 percent
Ethiopia’s grant and loan disbursement amount from multilateral donors has raised by 96.8 percent in the first quarter of this Ethiopian fiscal year as compared to the same period past year, Ministry of Finance and Economic Cooperation (MoFEC) revealed.
Ethiopia’s Hydropower Dams at Full Capacity Following Rainy Season, EEP
Ethiopian Electric Power (EEP) announced that its dams were fully replenished after the recent rainy season, ensuring sufficient water for power generation to meet this year’s ambitious targets.
