Ethiopia
For the first time in decades, Ethiopia’s economy has recorded its slowest growth.
According to the BBC, economic growth in the country slowed to 8% in the 2015/2016 fiscal year.
Ethiopia’s planning commission says that the country may fail to reach this years projected growth of 11% due to a devastating drought that has affected harvest in most parts of the country.
Earlier this year, The International Monetary Fund (IMF) had warned that Ethiopia’s economy would shrink to 4.5%, but the government dismissed the figures saying that growth would reach 8% .
Analysts predicted that recent protests in the Oromia and Amhara regions which saw dozens of foreign owned firms attacked by protesters could further dampen growth in the country.
Ethiopia has been one of the world’s fastest growing economies with growth averaging 10% over the last 10 years.
01:00
Pix of the Day: September 10, 2025
01:00
Pix of the Day: September 8, 2025
01:25
Families demand justice in Boeing 737 Max crash case
02:16
Fossil discovery in Ethiopia reveals missing chapter in human evolution
02:31
Lucy, icon of human evolution, travels to Europe for landmark exhibition
01:02
Ethiopia: African Development Bank to invest $500 million in new airport