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Ethiopia reports ‘improved’ export performance

ADDIS ABABA – Ethiopia’s export performance during the first five months of the current budgetary year (which began last July 8) has shown a 10.7-percent increase on the same period the previous year, the Trade Ministry said Thursday. “The country has earned $1.16 billion from the export of agricultural, manufacturing …

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IMF: Ethiopia Needs to Implement Structural Reforms to Sustain Growth

Ethiopia needs to move from public sector to private investment-driven growth to keep success Despite Ethiopia’s achieving robust economic growth, while keeping inflation below 10% and improving social indicators, the International Money Fund says the country must now replace its public sector-led growth strategy with a private investment-led model for …

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Ethiopia: Cardinal “Ethiopians are easily tempted to leave”

Pope Francis announced the names of fifteen Archbishops and Bishops whom he will raise to the dignity of the Cardinal-ate on February 14, 2015. Pope Francis announced that five retired Archbishops and Bishops “distinguished for their pastoral charity in the service of the Holy See and of the Church” would …

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Ethiopia to commence Woldiya-Mekelle railway construction

After a long period of negotiation, a final signing ceremony for the Wediya- Mekelle 268 kilometers is to be signed early 2015, signaling the start of its official construction period. Although a preliminary signing ceremony was held for the project in June 2012 between the Ethiopian government and the state-run …

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Where will huge state investments lead Ethiopia?

From thousands of kilometres of railways and highways to mega dams to tens of thousands of partially government-sponsored houses to cobblestone roads, Ethiopia is a nation under-construction. About a fifth of the 10.3 per cent growth registered in the 2013/14 budget year was attributable to construction activity, according to the …

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