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The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. [26] The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. [27] [28]
A double-digit number of private initiatives in Ethiopia is funded with US$100,000 each through the Power Africa and The Off-Grid Energy Challenge of the U.S. African Development Foundation. The single largest one is a 12 kW solar installation.
Values for other reported common indicators of the standard of living for Benishangul-Gumuz as of 2005 include the following: 19.1% of the inhabitants fall into the lowest wealth quintile; adult literacy for men is 47.4% and for women 23.2%; and the regional infant mortality rate is 84 infant deaths per 1,000 live births, which is greater than ...
Ethiopia is a mostly agrarian rural country [1]: 135 with only its capital, Addis Ababa, having over 1 million people.However the urban population of Ethiopia has expanded dramatically, from 10.8 million in 2002 to 28 million in 2022, [2] a growth of 160%, which has resulted in the urban population as a percentage of the total population growing from 15% to 23% over the same time period. [2]
It is not known exactly to what extent dams in Ethiopia would reduce the flow of water to Sudan and Ethiopia. Assuming an evaporation rate of 1 meter per year, an irrigated area of 200,000 hectares and a combined reservoir area of 1,000 km2, the flow of the Nile could be reduced by 3 billion cubic meters per year, equivalent to about 5 percent ...
In 2008 and 2011, Ethiopia's growth performance and considerable development gains were challenged by high inflation and a difficult balance of payments situation. Inflation surged to 40% in August 2011 because of loose monetary policy , large civil service wage increase in early 2011, and high food prices.
The second five-year plan (1962-67) began a 20-year program to change Ethiopia's predominantly agricultural economy to an agro-industrial one. [1] The plan's objectives included diversification of production, introduction of modern processing methods, and expansion of the economy's productive capacity to increase the country's growth rate. [ 1 ]
Other priorities in the early 1990s included the promotion of a more active and positive role for Ethiopia following the collapse of the People's Democratic Republic of Ethiopia, the internationalization of Ethiopia's economy by the liberalization and promotion of domestic demand (expected to lead to the industrialization) and the promotion of ...