Ethiopia’s GDP growth will exceed and expand the 7 percent mark characteristic of the African continent well into the 2020’s, as per a report by the British Bank Standard Chartered and ASEAN’s Macroeconomic Research Office. Pacing up with Ethiopia is the other African country Cote d’Ivoire.
Ethiopia has already completed the first round of filling of the reservoir of its megaproject, the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile, Office of the Prime Minister of Ethiopia declared.
Ghion Hotels Enterprise will again be offered for another round of sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA),as previous bid failed to attract buyers.
The Privatization Agency is hopeful the bid will attract potential byers as it has adjusted the floor price of the property, previously set at USD 150 million.
The Ethiopian Parliament's Standing Committee on Natural Resource, Irrigation and Energy Affairs reported the Grand Ethiopian Renaissance Dam (GERD) on the Nile is on "good standing". The Standing Committee made the remark after visiting the status of the project.
The second Growth and Transformation Plan (GTP II) has fallen short of hitting its target of ensuring an 11 per cent yearly economic growth rate, the average annual growth rate standing at 8.6 per cent for the last three years.
