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Between 1960 and 1970, for example, Ethiopia enjoyed an annual 4.4 percent average growth rate in per capita gross domestic product (GDP). [1] The manufacturing sector's growth rate more than doubled from 1.9 percent in 1960–61 to 4.4 percent in 1973–74, and the growth rate for the wholesale, retail trade, transportation, and communications ...
The First Five-Year Plan (1957–1961) sought to develop strong infrastructure, particularly in transportation, construction, and communications, to link isolated regions. [41] The Second Five-Year Plan (1962–1967) signaled the start of a 20-year program to change Ethiopia's predominantly agricultural economy to an agro-industrial one. [41]
The Growth and Transformation Plan (GTP) was a national five-year plan created by the Ethiopian government to improve the country's economy by achieving a projected gross domestic product (GDP) growth of 11-15% per year from 2010 to 2015. The plan included details of the cost (estimated at US$75–79 billion over the five years) and specific ...
The high-value oil seeds cultivated in Ethiopia for exports accounted $446 million while fruits and vegetables accounted $538 million in 2017. [1] Coffee has been the most exported product of Ethiopia. Over 15 million workers involved to cultivation and processing. In 2016/2017, annually export revenue estimated about $881 million.
The Hawassa Industrial Park, inaugurated on 13 July 2016, [3] is a government-funded project in Ethiopia, specializing in the textile and garment industry. [4] [5] During the opening ceremony, Prime Minister Hailemariam Desalegn described the industrial park as an important step towards Ethiopia's goal of becoming a leading manufacturing hub in Africa. [6]
The U.S. Commerce Department on Thursday finalized an award to SK Hynix of up to $458 million in government grants to help fund an advanced chip packaging plant and research and development ...
They predicted that capital expenditures would increase 5.2% year-on-year, compared to a 5.6% rise reported for 2024. Factory employment was expected to increase by 0.8 percentage point in 2025 ...
The product of the technology may be a commodity such as polyethylene plastic or a sophisticated product like the integrated circuits used in a smartphone. The development of a competitive product or process can have a major effect on the lifespan of the technology, making it longer. Equally, the loss of intellectual property rights through ...