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.
The National Bank of Ethiopia (NBE) accepted offers last week from three European companies which 
responded to the bank’s desire to print 50 birr and 100 birr notes.
The bank wants to order the printing of notes with a total value of 52 billion birr to replace all-in notes under circulation. It will be the largest order ever, more than 90 percent of what it had printed last year.
Ethiopia is to organize a nationwide ICT competition for the second time announced the ICT Excellence Center of the Ministry of Communications and Information Technology.
The registration for the ICT competition will remain open until the 7th of July and winners will be awarded a range of prizes it was announced.
The competition is intended to create an opportunity for people with intellectual properties to compete, promote their work and form commercial networks according to the ministry.
