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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 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]
Between 1950 and 1960, the imperial government of Ethiopia enacted legislation and implemented a new policy to encourage foreign investment in the Ethiopian economy.This new policy provided investor benefits in the form of tax exemptions, remittances of foreign exchange, import and export duty relief, tax exemptions on dividends, and the provision of financing through the Ethiopian Investment ...
Ethiopia aims to diversify its electricity generation capabilities by investing into an energy mix, of which photovoltaics will be a part. [ 11 ] There are excellent conditions to use solar energy in Ethiopia, in particular in Tigray Region and on the eastern and western rims of the Ethiopian Highlands (roughly 2% of Ethiopia's area).
The most notable of those reforms are: the reassignment of the Ethiopian Revenues and Customs Authority, consequently turning into the Ministry of Revenues; the establishment Tax Appeal Commission, with the goal of evaluating appeals; the increase in tax brackets, alongside other reforms addressing the issues of inflation and economic changes. [3]
The county's vulnerability to climate change could increase poverty and dependency on rain-fed agriculture. Other factors are environmental degradation (e.g., deforestation), chronic food security, and recurring natural droughts, that may contribute for shaping the effects of climate change in Ethiopia. [1]
Farmer's field in Ethiopia. The problem of land reform in Ethiopia has hampered that country's economic development throughout the late 19th and 20th centuries. Attempts to modernize land ownership by giving title either to the peasants who till the soil, or to large-scale farming programs, have been tried under imperial rulers like Emperor Haile Selassie, and under Marxist regimes like the ...
The major river in Ethiopia is the Blue Nile. However, most drinking water in Ethiopia comes from ground water, not rivers. Ethiopia has 12 river basins with an annual runoff volume of 122 billion m 3 of water and an estimated 2.6–6.5 billion m 3 of ground water potential.