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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 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]
Energy in Ethiopia includes energy and electricity production, consumption, transport, exportation, and importation in the country of Ethiopia. Ethiopia's energy sector is crucial for its development, with wood being a primary energy source, leading to deforestation challenges. The country aims to address economic development and poverty by ...
To solve this, the government set up big projects to construct hydroelectric dams such as the Grand Ethiopian Renaissance Dam (GERD) and Koysha Hydroelectric Power that provide fertile electricity throughout the country. The other issues is power outage that can adversely affects households from daily interruption by the Ethiopian Electric ...
The Ministry of Finance and Economic Development is an Ethiopian government department. It is responsible for general financial management and economic policy of Ethiopia , in addition to the allocation of economic assistance.
In the Awash basin in central Ethiopia floods and droughts are common. Agriculture in the basin is mainly rainfed (without irrigation systems). This applies to around 98% of total cropland as of 2012. So changes in rainfall patterns due to climate change will reduce economic activities in the basin. [5] Rainfall shocks have a direct impact on ...
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.