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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 First Five-Year Plan (1957–1961) sought to develop strong infrastructure, particularly in transportation, construction, and communications, to link isolated regions. [41] 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]
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]
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 First Five-Year Plan involved a total investment of about 839.6 million birr, 25% above the projected 674 million birr, the Second Five-Year Plan was 13% higher than planned at 1,694 million birr, and the Third Five-Year Plan was estimated to cost 3,115 million birr. There were numerous issues including deficient national development ...
Ethio telecom (stylised as ethio telecom; Amharic: ኢትዮ ቴሌኮም), previously known as the Ethiopian Telecommunications Corporation (Amharic: የኢትዮጵያ ቴሌኮሙኒኬሽን ኮርፖሬሽን, ETC), is an Ethiopian telecommunication company serving as the major internet and telephone service provider.
The 2014 Addis Ababa Master Plan was a controversial plan to expand the boundaries of Ethiopian capital, Addis Ababa, by 1.1 million hectares into the Oromia Special Zone in April 2014. [ 1 ] [ 2 ] The plan was met with protests, particularly in the Oromia Region , with critics saying it would violate the 1995 Constitution .
In energy and resources, Ethiopia has abundant natural resources that generate 60,000 MW of electric power from hydroelectric, wind, solar and geothermal sources from different major rivers, the Blue Nile, Awash, Shebelle, Omo, and Gilgel Gibe River. Tourism is the most popular economic sector impacting the GDP growth.