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Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]
For instance, graduate unemployment is relative to total unemployment increased from 2.6% in 2014 to 6.61% in 2018 in Ethiopia. [1] As of 2022, the Ministry of Education planned to create jobs for 80% or more graduate students who complete their studies annually over the past three years, thereby improving the employability rate. [10]
25 December – The Ethiopian National Defense Force closes the country's border with Somalia following heavy fighting in rural areas of Harshin, Fafan Zone, between Ethiopia's Somali regional forces and local clan militias after the killing of a local security chief and his bodyguards. Hundreds of people, including children, flee from their homes.
In October 2024, Ethio telecom announced to sell its 10% stakes to citizen after formalization of transition to shareholding company on 21 June 2024. The CEO of Ethio telecom Frehiwot Tamiru explained buyers can purchase up to 3,333 shares with maximum amount of total investment of 990,000 birr. She noted that such purchase would incur taxes ...
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
The ministry was established under Proclamation No.916/2008 on 7 July 2008 with reorganization from the former Ministry of Capacity Building. [1] Its envisaged to observe public service and complete its mission ethically by 2020, as well as contributing economic development and social welfare by promoting modern Tax and Customs Administration.