By the volume of the electricity it generated from geothermal energy source between 2010 and 2015, Kenya becomes the top nation in the world.
With the aim of tackling the growing number of poor in urban areas, Ethiopian government in collaboration with the World Bank today launch a 450 million urban safety net program.
The Ethiopian Revenue and Customs Authority set to increase government revenue for the fiscal year 2009/10 (July 8, 2010 – July 7, 2011) by 52 percent from last year.
Ethiopian government says country’s GDP per capita has now reached 217 USD from 164 USD five years ago.
Continuing its investment in power projects, Ethiopia inaugurated today (May 14, 2010) the Beles hydroelectric power generation plant, which cost a total of 7.1 billion birr (around 500 million USD).
Researchers at the Ethiopian Economic Association (EEA) advised Ethiopian policy makers to revise the existing national energy policy to overcome the current energy crises.
Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing ones continue announcing profit increment every year.