During the second phase of the Growth and Transformation Plan (GTP II), which runs from 2015 to 2020, Ethiopia is going to spend a total of USD 20 Billion Birr on its power development program.
Ethiopia's Ambassador to Russia, Cham Ugala Uriat, has made an announcement regarding the country's plans to manufacture Russian Lada cars specifically for the African market.
Following the severe drought that hit Ethiopia, the country will not be able to meet its projected 11 % economic growth for the current fiscal year. It will expand only by between 7% and 10%.
Prime Minister Hailemariam Dessalegn noted, “The economy will continue to register growth, if not a double-digit fast economic growth”.
Ethiopia’s Minister for Finance and Economic Cooperation (MoFEC), Abraham Tekeste, disclosed the country intends to offer for the private sector shares in its road-building and maintenance projects.
Ethiopia expects 2 industrial parks that are under construction currently to be ready for investors by February 2017. The industrial parks Kombolcha and Mekele industrial parks.
