Ethiopia expands multi-sector economy to build resilient system

Ethiopia is shifting from an agriculture-only base to a diversified economy across tourism, industry, mining and technology to build a sustainable and resilient system.

Under Prime Minister Abiy Ahmed, tourism programs such as Gebeta for Sheger have boosted the sector's capacity across the country. Manufacturing capacity utilization rose from below 47 percent to 66.3 percent over the past three years. Production of gold, iron, precious minerals and cement has also increased substantially in the mining sector. Mobile users now exceed 97 million. This growth supports expanded digital services and advances in Artificial Intelligence applications.

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Prime Minister Abiy Ahmed highlighting Ethiopia's tourism potential amid iconic heritage and natural sites.
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Prime Minister Abiy highlights tourism as new economic engine

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Prime Minister Abiy Ahmed (PhD) said Ethiopia can transform citizens' lives by leveraging its heritage and natural resources for tourism development.

Ethiopia has registered 19 UNESCO heritage sites and earned over 2 billion dollars from 1.2 million foreign visitors in nine months.

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The Medemer government reported results in agriculture and infrastructure sectors.

Oromia Regional President Shimelis Abdisa announced that the region expects 11.7 percent economic growth in the 2019 budget year.

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Prime Minister Abiy Ahmed (Dr.) inaugurated the fourth Ethiopia Tamar expo today. He stated Ethiopia achieved $10 billion in export revenue for the first time in history this year. Industry Minister Melaku Alebel said the manufacturing sector is the center of national sovereignty.

Ethiopia's Green Legacy Program has positioned the country as an international model for the green economy. The initiative has boosted forest cover through completed activities and opened economic benefits.

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Ethiopian Electric Power chief executive Ashenafi Balcha said Ethiopia is intensifying efforts to boost renewable energy and regional power links.

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