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Ethiopia Forms High-Level Trade Liberalization Committee

The Ethiopian government has established an inter-ministerial committee to spearhead the liberalization of its trade policies. In announcing its formation, Ethiopian Investment Commission (EIC) Commissioner Hana Arayaselassie reveals that the Trade Liberalization Committee will include representatives from key agencies. Members are drawn from the EIC, the Ministry of Trade & Regional Integration, Ministry of Industry, […]

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World to Grow at 3.2% But Ethiopia at 6.2%, as IMF Predictions Show High Inflation of 25.6%

The IMF’s new World Economic Outlook publication estimates that while Ethiopia’s economy will continue outperforming global averages, high inflation threatens its macroeconomic stability. For Ethiopia, the Fund forecast GDP growth of 6.2 percent in 2024 and 6.5 percent in 2025, lower than the government’s projection of 7.5 percent growth. However, Ethiopia’s growth is predicted by

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Afrexim Pledges USD 800 million Financing for Kenya to Build 100 Dams

Afreximbank will provide US$ 800 million in financing for the construction of 100 dams in Kenya, doubling the irrigated area. Kenya intends to double its irrigation field area from 670,000 acres to 1.4 million acres over the next three years. This is intended to increase food production while reducing the country’s dependency on rain-fed agriculture.

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