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In June, parliamentary committee found that METEC squandered hundreds of machinery products worth 326.4 million dollars without study of the market. Sources say that the Commercial Bank of Ethiopia squandered 2.8 million dollars without completion of sugar projects, and revealed the company borrowed 436 million dollars.
The Ethiopian economy has a large foreign debt, with an overall external debt of 28 billion US dollars. China owns over 13 billion dollars of its debt. Its debt to GDP ratio is smaller than similar and neighboring countries. Ethiopia currently has 2.4 billion dollars of foreign reserves, representing a decline compared to previous years. [38]
Natural gas makes up the most exploitable form of hydrocarbon reserves: a total of 4.1 trillion cubic feet (1.2 × 10 11 m 3) of natural gas reserves were found in two gas field in Ethiopia's Ogaden basin, the Calub and Hilala gas fields. All the gas will be exported to China, production wells are under construction in 2017. The two gas fields ...
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2]. This is the list of countries by government budget.
The country's external debt totaled $28.2 billion at the end of March, according to government data, including a $1 billion international bond maturing in December 2024.
The platform went under in 2014 following a series of heists that cost it in the range of 650,000 to 950,000 bitcoin, or upward of $58 billion, at current prices.
Though the country is rich in mining resources its exploration and extraction has contributed only about 1% of its GDP with an investment of 14 billion birr. [8] To give a boost to the five-year Growth and Transformation Plan (GTP) for the mining sector launched by the government, incentives are proposed to be offered in terms of tax reduction ...
When Nvidia had a $144 billion market cap five years ago, shares were valued at 15 times sales. As a $3.2 trillion company as of this writing, Nvidia's price-to-sales valuation has climbed to 34 ...