Ethiopia is experiencing a surge in urbanization, with the number of recognized cities climbing to 2,543, up from fewer than 1,000 just a decade ago, according to new data from the Ministry of Urban and Infrastructure.
During the previous fiscal year, 2013/2014, Ethiopia managed to earn U.S $ 400 Million from the export of manufactured commodities, Ministry of Industry disclosed.
Ethiopia’s much-anticipated Securities Exchange (ESX) will officially commence trading next week. Following successful pilot transactions, the exchange is now fully operational and poised to transform investment opportunities and economic growth.
The occupancy rate across Ethiopia’s Special Economic Zones (SEZs) has climbed to 89%, according to the Industrial Parks Development Corporation (IPDC). Zemen Junedi, Deputy CEO of IPDC’s Promotion and Marketing Division, noted that nearly all 13 SEZs are now operational, attracting both local and international investors.
The 3 financial enterprises owned by the state have registered a total asset of 523 billion Birr by the end of last fiscal year. The news was disclosed by the Ethiopian Public Financial Institutions Agency (PFIA).
