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For instance, graduate unemployment is relative to total unemployment increased from 2.6% in 2014 to 6.61% in 2018 in Ethiopia. [1] As of 2022, the Ministry of Education planned to create jobs for 80% or more graduate students who complete their studies annually over the past three years, thereby improving the employability rate. [10]
25 October - Tigray War peace talks mediated by the African Union is formally being held for the first time in Johannesburg, South Africa. [3] ... 2022 in Ethiopia.
On 4 October 2022, an Ethiopia Museum of Art and Science was opened in Addis Ababa. The science museum sits on 7 hectares of land and contains scientific and technological innovations and exhibitions with various halls, and cafeteria. [20] [21] [22]
Between 1960 and 1970, Ethiopia enjoyed an annual 4.4% growth rate in its per capita and overall gross domestic product (GDP). There was an increase in the manufacturing growth rate from 1.9% in 1960–1961 to 4.4% in 1973–74, with the wholesale, retail trade, transportation, and communication sectors increasing from 9.5% to 15.6%.
Ethiopia reached a separate debt-service suspension deal with China earlier in 2023. Ethiopia has been without an IMF program since its last lending arrangement with the fund expired in late 2022.
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 Third Five-Year Plan (1968–1973) also sought to facilitate Ethiopia's economic well-being by raising manufacturing and agro-industrial performance. [41]
The commission went into its third phase of re-institution on 24 August 1995 by Proclamation No.7/1995, as an agency following the establishment of the Federal Democratic Republic of Ethiopia . [5] The ministry changed its title to Ministry of Innovation and Technology in October 2018.
Ethiopia had an average inflation rate of 26% in 2021 and 30% in 2022, something that was largely driven by a rise in food prices; [27] in February 2023, the overall inflation rate reached 32%, [28] and Ethiopia continued to experience high inflation by September 2023, with commonly purchased food items becoming more expensive. [29]