Yesterday's negative image of a famine struck country has slowly started to transition its way into the pages of history, where they are bound to stay.Īside from being among the top in the world in coffee, livestock, and various other agricultural commodities, Ethiopia is now also engaging in the industrial sector, one that has a huge potential for a country so rich in resources.įurthermore, the growth is fuelled by aggressive expansion by huge public expenditure on hydroelectric power dams, electric railway systems for city transport as well as to ports in Djibouti, and a sophisticated highway road system being built across the country.Įthiopia is also looking very attractive to international investors, and the Chinese, Turkish, Saudis, and Indians are already among those heavily invested in this fast growing economy.ĭue to these reasons and more, the Ethiopian Birr will surely have its prominence in the international market increase. The Ethiopian Birr is also raising its profile in the international finance market.Ī government intent on development at any cost and a bright population hungry for change are behind this rapid growth in the economy.
Today, Ethiopia is known as one of the fastest growing economies not only in Africa but in the world.
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