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It was reported that in the late 1980s, the mineral industry lacked importance given that it contributed less than 0.2 percent of Ethiopia's GDP. [3] Mining for gold is a key development sector in the country. Gold export, which was just US$5 million in 2001, has recorded a large increase to US$602 million in 2012.
The Ethiopia-Yemen Continental Flood Basalts or Ethiopian traps that cover much of Ethiopia flowed over both irregular surfaces and peneplains preserving laterite soil beneath. The flood basalts covered initially a much larger area (>750,000 km 2 ) just after eruption about 30 million years ago in the Oligocene with volumes reaching 350,000 km ...
Ethiopia, [c] officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north , Djibouti to the northeast , Somalia to the east , Kenya to the south , South Sudan to the west , and Sudan to the northwest .
When their occupation of Ethiopia ended in 1941, the Italians left behind a country whose economic structure had changed little in centuries. [1] Some improvement had taken place in communications, particularly in road building, and some limited attempts had been made to establish a few industries and to introduce commercial farming, particularly in Eritrea, which Italy had occupied since 1890 ...
Ethiopia has achieved economic growth of more than 7% in the past decade. During Meles Zenawi's administration, Ethiopia boosted the fastest economic growth in Africa in terms of GDP with double-digit economic growth for his last nine years, resuming seven years after his death when his party, the TPLF, continued the same policy. The rise of ...
Kedida Gamela is a woreda in the Central Ethiopia Regional State of Ethiopia.Part of the Kembata Zone.Kedida Gamela is bordered on the east and south by an Misraq Badawacho woreda of the Hadiya Zone, on the west by Kacha Bira, on the northwest by Angacha, on the north by Damboya, and on the northeast by the Bilate River which separates it from Halaba Zone.
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]
A map of East Africa showing some of the historically active volcanoes (as red triangles) and the Afar Triangle (shaded at the center), which is a so-called triple junction (or triple point) where three plates are pulling away from one another: the Arabian plate and two parts of the African plate—the Nubian and Somali—splitting along the East African Rift Zone Main rift faults, plates ...