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Only 360,000 people had Internet access in 2008, a penetration rate of 0.4%. [2] The state-owned Ethio Telecom (previously known as Ethiopian Telecommunications Corporation (ETC)) is the sole Internet service provider (ISP) in the country. Ethio Telecom comes in at very high prices which makes it difficult for private users to purchase it.
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
The table below shows cities and towns with more than 40,000 inhabitants (from the projection for 2016 by using the 2007 census data). [1] [2] The population numbers are referring to the inhabitants of the cities themselves, suburbs and the metropolitan area outside the city area are not taken into account.
Ethiopia's sovereign dollar bond dropped to a record low on Wednesday after U.S. President Joe Biden said he planned to cut off the country from duty free access to the United States and conflict ...
Due to the lack of progress in reducing the rate of poverty in Ethiopia, a map of marginality was created for the region to survey the state of poverty. [4] In Marginality as a Root Cause of Poverty: Identifying Marginality Hotspots in Ethiopia, Gatzweiler defines marginality as "an involuntary position and condition of an individual or group at the margins of social, political, economic ...
Challenges abounded during the reforms, as Ethiopian law did not allow subnational governments to set their own tax rates, leading to an unwieldy tax system that required all decisions to be made from the federal level. [2] Additional reforms were passed in 2002 as Ethiopia continued the shift to a market systemâ .
Motivations of crime include high unemployment rate, lack of basic needs of life, housing and education. Rapid population growth also contributed to increase the criminal rate in Ethiopia . In Addis Ababa , crimes include robbery, pickpocketing, scamming and burglary among others are common, although the lowest rate compared to other African ...
The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned… NBC Universal 2 ...