By Woubishet Sisay – The Government of Ethiopian has implemented various initiatives to promote economic growth and attract investment. These include the Homegrown Economic Reform Agenda, which aims to address macroeconomic imbalances and create a more conducive business environment.
Additionally, Ethiopia has been focusing on industrialization and diversification of its economy. The government has prioritized sectors such as manufacturing, agriculture, tourism, and renewable energy. These efforts are expected to contribute to sustained economic growth in the coming years.
The East African country offers numerous sectors with investment potential. Agriculture is a key sector, accounting for a significant portion of the country’s GDP and employment. Ethiopia’s GDP has grown by 2.4% in 2021 and by 8.7% in 2022, according to the International Monetary Fund (IMF). Opportunities exist in areas such as commercial farming, agro-processing, livestock production, and horticulture.
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