This week the country's lawmakers endorsed the country’s development plan for the coming the five years: the Growth and Transformation Plan (GTP II).
Albeit impressive economic growth which is hailed for reducing absolute poverty by half, Ethiopia stands among the crowd to be challenged by sharing the benefits of this growth among its vulnerable urban poor, a group which has grown in size in the past decade.
As part of the original plan of the government, which aims at alleviating severe housing shortage in rapidly urbanizing Addis Ababa, private real estate developers have made their mark on the city in the past decade.
By Aaron Maasho
In Ethiopia, where state spending rather than private enterprise has been the driving force behind double-digit economic growth, tech entrepreneurs like Araya Lakew feel stuck in the slow lane.
The milk market in Addis Ababa and its surrounding is experiencing hard times at the moment as producers and collectors see demands plummet after a research revealed aflatoxin contamination in milk.
On the back drop of shattered dreams and unfulfilled expectation in the last Growth and Transformation Plan (GTPI), the Ethiopian leather sector has started another five-year ride and set an ambitious target of attaining a USD 800 million export revenue.
The talk of an impending amendment in the overall tax structure of Ethiopia has been going on for more than year now. And according to commentators, who claim to be close to matter, the amendment would have a significant impact on taxpayers when it enters into force.
The coming week will herald the coming to power of the administration of Prime Minister Hailemariam Dessalegn in his own right having won a landslide victory in the May 2015 general elections.