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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]
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 Intergovernmental Authority on Development was established in 1996. It succeeded the earlier Intergovernmental Authority on Drought and Development (IGADD), a multinational body founded in 1986 by Djibouti, Ethiopia, Somalia, Sudan, Uganda and Kenya, with a focus on development and environmental control.
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 ...
The United Nations Economic Commission for Africa (UNECA or ECA; French: Commission économique pour l'Afrique, [1] CEA) was established in 1958 by the United Nations Economic and Social Council to encourage economic cooperation among its member states (the nations of the African continent) [2] following a recommendation of the United Nations General Assembly. [3]
The county's vulnerability to climate change could increase poverty and dependency on rain-fed agriculture. Other factors are environmental degradation (e.g., deforestation), chronic food security, and recurring natural droughts, that may contribute for shaping the effects of climate change in Ethiopia. [1]
Apart from Northern Africa, East African countries show the second highest decline rates of conservation forests in the continent. In a forest resource assessment of Ethiopia, Reusing found that within 17 years (1973–1990) high-forest cover decreased from 54,410 to 45,055 km² or from 4.72 to 3.96% of the land area. [5]