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Ethiopia's economy is to grow 7 percent a year over the next three to five years, the World Bank forcasted. The growth is below its average of the last decade, and to push that rate higher, the government needs to change policy to encourage private investment, the Bank said.

"We still think growth could be robust - in the order of 7 percent in the medium term would not be unexpected," said Lars Christian Moller, the bank's lead economist in Ethiopia, in an interview with Reuters.

The annual World Economic Forum will be held in Ethiopia in May. The forum is expected to be attended by 1000 influential world leaders according to Precise Consulting International, organizers.

The forum will create a unique opportunity for Ethiopian business people to engage with global multi national corporations and international investors said Henock Assefa, Manging Partner of Precise.

The forum will be attended by 400 senior business executives and senior government officials and Ethiopian business people can best take advantage of the opportunity by doing their homework and attending with short pitches to address the influential international business representatives in attendance explained Henock.

World Energy Council announced that it will hold Energy Leaders’ Summit in Addis Ababa, Ethiopia, on Thursday October 29, 2015.

The World Export Development Forum (WEDF) opened in Addis Ababa, Ethiopia, today under the theme "Trade and Invest in One Africa." The International Trade Centre (ITC) and the Ethiopian Ministry of Trade and Industry jointly host the forum.

The price of oil and other raw materials also fell sharply

The stock market plunged by more than 4 percent yesterday in its worst day in more than two years and investors flooded safe-haven investment alternatives, fearing that global economy may stumble into a new recession.

European markets have continued the steep share sell-off, with investors worried about both the eurozone debt crisis and the weak US economy.