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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]
The Addis Ababa City Corridor Project, also known as Smart City Project, [1] is an ongoing urban planning project in the city of Addis Ababa initiated by the Addis Ababa City Administration in December 2022 to upgrade key routes and improve connectivity among the corridors. Due in 2025, the project aims to expand metropolis that incorporates ...
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 ...
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Unsourced material may be challenged and removed. Find sources: "Ministry of Finance and Economic Development" Ethiopia – news · newspapers · books · scholar · JSTOR ( March 2021 ) ( Learn how and when to remove this ...
In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa
The majority of Ethiopia's population live in rural areas and very few have access to electricity. Ethiopia is planning for a carbon-neutral status by 2025. [5] This aim was set through their ambitious three-stage Growth and Transformation Plan, Ethiopia seeks to transform itself into a modern economy by 2025. According to the Ministry of Water ...
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.
On February 7, 1975, the government released a document outlining Ethiopia's new economic policy, which was explicitly socialist in philosophy and intent. The policy identified three manufacturing areas slated for state involvement: basic industries that produced goods serving other industries and that had the capacity to create linkages in the ...