In the past five years, Ethiopians and foreign nationals of Ethiopian descent have sent an average of USD 4.5 billion back to Ethiopia annually. This significant financial contribution highlights the growing engagement of the diaspora.
Dire Dawa Industrial Park, located in eastern Ethiopia, announced it has generated over $7.8 million in revenues from export items in its first year of operations.
Abraham Belay (Ph.D.), Ethiopia's Minister of Innovation and Technology, said that Ethiopia's e-commerce potential market size exceeds 300 billion birr (over $6.64 billion), computed based on performance during the Ethiopian fiscal year ended on July 7, 2021.
Ethiopia is putting in place reforms that aim to broaden the private sector’s participation in the economy, Ahmed Shide, Ethiopia’s Finance Minister said. The reforms that are being implemented also hope to see an increase in competitiveness and create decent jobs.
Ethiopia's economy is projected to grow by 7.9% in the current fiscal year, according to the Ministry of Planning and Development. This positive outlook follows results across various macroeconomic indicators during the second quarter, reported during a performance review meeting led by Prime Minister Abiy Ahmed on March 5, 2024.
