How Ethiopia Plans to Get RICH at all Cost!
Channel: TR MEDIA
Date: 2022-11-25

#ethiopia #ethiopian #africa
Landlocked at the horn of Africa, the Federal Democratic Republic of Ethiopia is a multiethnic state with over 80 different ethnic groups and home to about 113.5 million inhabitants. The nation is a founding member of the UN, the group of 24, the Non-Aligned Movement, the Group 77 and the Organization of African Unity and its capital, Addis Ababa is headquarters of the Pan African Chamber of Commerce, the United Nations Economic Commission for Africa, the African Standby Force, the African Union and many global non-governmental organizations. Regarded as a developing country and an emerging power, it has the fastest economic growth in Sub-Saharan countries due to foreign direct investment in expansion of agricultural and manufacturing industries. Nonetheless, as far as per capita income and the Human Development Index are concerned, Ethiopia has a high rate of poverty, poor respect for human rights and a low literacy rate of below 49%, with agriculture accounting for 36% of the nation’s gross domestic product. Ethiopia’s economy is indeed faced with a number of serious structural problems and so, there is need for its stakeholders to focus on some vital steps for the growth of the country’s economy like investment in public infrastructure among others.

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