United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report, which was released on Wednesday, June 24, 2014, has shown Foreign Direct Investment (FDI) which flowed to Ethiopia by the year 2013 has reached U.S $ 953 Million. The report is dubbed ‘Investing in the Sustainable Development Goals’.
Ethiopia has been named one of the top 10 African countries with “dynamic” performance in attracting foreign direct investment by a South Africa-based investment bank on Monday, August 3, 2015.
The Annual Trends and Outlook Report (ATOR) states majority of low income African countries will make a transition to middle income status by 2030.
According to a new World Bank Group Report, Ethiopia’s GDP growth rate will decrease by 1.3% in the current Fiscal year from last fiscal year’s 10.9% growth.
Official Statistics show that the country’s GDP growth rate averaged 10.3% for a decade.
Representatives from Sakai Heavy Industries PLC visited Ethiopia to introduce the company's newly designed road stabilizer machine, The Reporter reported.
