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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] The Third Five-Year Plan (1968–1973) also sought to facilitate Ethiopia's economic well-being by raising manufacturing and agro-industrial performance. [41]
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 National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
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.
Ethiopia, 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. Ethiopia covers a land area of ...
METEC (acronym for Metals and Engineering Corporation) is an Ethiopian arms and machinery industry founded in 2010. [2] It is the state largest military industrial complex, responsible for the production of military equipment and civilian products.
On April 7, 2024, NGX Group confirmed an investment in the Ethiopia Securities Exchange. In addition, he confirmed being one of the main institutional investors in the stock market. [5] On January 10, 2025, the ESX launched with Wegagen Bank as the first company to be listed.
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 ...