Home / Business / World’s Fastest Growing Economy Ethiopia Is The New Flavour Of The Month

World’s Fastest Growing Economy Ethiopia Is The New Flavour Of The Month

The East African nation led the pack of fastest-growing economies — not just in Africa, but in the world — in 2015. While many African nations are struggling to cope with plunging currencies and falling revenue from commodities, Ethiopia’s economy grew 8.7% last year and is set to expand 8.1% in 2016, according to International Monetary Fund (IMF) estimates.

Globally, only Papua New Guinea in the southwestern Pacific grew faster last year, at 12.3%, but no big country matched Africa’s second most populous nation after Nigeria.

Source: www.africanglobe.net

 

 

 

 

 

 

 

About Amora

If your Content posted here, in our youtube, twitter and Facebook pages and you want us to modify or remove it, please email us using the contact form in our site. Thanks.

Check Also

Egypt warns Ethiopia Nile dam dispute is life or death -El-Sissi

El-Sissi sought to reassure Egyptians in televised comments while attending the inauguration a fish farm in the Nile Delta province of Kafr el-Sheikh, but stressed that “water is a matter of life or death.” “No one can touch Egypt’s share of water,” he said.

Qatar, Ethiopia sign pact on investment protection

Qatar and Ethiopia have finalised and signed an investment protection agreement on Tuesday, according to HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani.

Leave a Reply

Your email address will not be published. Required fields are marked *