World’s 4 largest GDPs, trillions, US$1. China $41.92. U.S. $37.23. India $22.24. Indonesia $6.3 Africa’s 4 largest GDPs1. #Egypt $3.52. #Nigeria $3.43. #Ethiopia $1.64. #SouthAfrica $1.4 Global GDP: $227.9EMs >DMs Source: Goldman Sachs, by 2050, via Visual Capitalist Africa’s 4 largest GDPs by 2075:Nigeria: $13.1 (2.85X)Egypt: $10.4 (1.97X)Ethiopia: $6.2 (3.42X)South […]
Monthly Archives: August 2024
60 posts
Addis Ababa, August 27, 2024 (FBC) – Trade and Regional Integration Minister Kassahun Gofe reiterated the necessity of producing goods in sufficient quantity and quality in order to be competitive in the global market. A panel discussion, which focused on export and regional integration issues, was held with the pertinent […]
Addis Ababa, August 27, 2024 (FBC) – Ethiopia’s full implementation of economic reform policy measures would expedite its effort for accession of World Trade Organization (WTO), Trade and Regional Integration Minister Kassahun Gofe said. The minister made the remark today at a panel discussion held between pertinent government entities and […]
The Ministry of Finance has lifted the 250,000-dollar cap on franco valuta imports, allowing for the import of all goods except fossil fuel-powered automobiles and security and defence equipment. The change was outlined in a circular signed by State Minister Eyob Tekalign (PhD), who described it as part of the […]
Addis Ababa, August 25, 2024 (FBC) – A new Ethiopian Export Trade Permanent Exhibition Center was officially inaugurated today along with the start of a five-day trade week aimed at promoting the country’s products and services. High-level government officials, including head of the Democratic System Building Coordination Center with the […]
Addis Ababa, August 25, 2024 (FBC) – Import substitution has registered remarkable results in the concluded Ethiopian fiscal year, Industry Minister Melaku Alebel remarked. Discussion is underway on the annual performance review of Industry Ministry and plan for 2024/25 (2017 E.C) fiscal year in Hawassa. Speaking on the occasion, the […]
Lofty expectations for a surge in exports following the liberalization of the foreign exchange market are unlikely to prove true in the short run, according to a study published by experts at the Ethiopian Economics Association. The depreciation of the Birr following the forex reforms is theoretically expected to result […]
AliExpress, the e-commerce subsidiary of Chinese Alibaba, has partnered with a domestic firm as it prepares to launch an e-commerce platform in Ethiopia. The Chinese retail giant signed a deal with MKTY IT Services Plc during a ceremony at the Skylight Hotel on August 22, 2024. Chinese diplomats and senior […]
Officials are working on a strategy that would see batteries for electric vehicles (EVs) manufactured locally as the administration of Prime Minister Abiy Ahmed (PhD) doubles down on its policy to transition from combustion engines amid rising fuel import costs and climate concerns. A member of the technical committee charged […]
Officials at the ministries of Industry and Finance, as well as central bank regulators, are mulling over ‘transitional period interventions’ in a bid to ease the burdens weighing on manufacturing industries following the liberalization of the forex market. The intervention proposal expected to be tabled to the national steering committee […]
Addis Ababa, August 23, 2024 (FBC) – Ethiopia’s State Minister for Foreign Affairs, Ambassador Mesganu Arga held discussions with Executive vice president and Chief Operating Officer of Toppan Holdings Inc. on ways of expanding TOPPAN investment in Ethiopia. Prior to the 9th edition of Tokyo International Conference on African Development […]
Addis Ababa, August 21, 2024 (FBC) – An International Tourism, Culture, and Trade Show aims to promote Ethiopian agricultural products will be held in Abu Dhabi from November 1 to 3, 2024, organizers announced yesterday. Gold Land Trading will organize the Tourism, Culture, and Trade Show, in partnership with the […]