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Ethiopia’s Economy To Grow 10.5 Percent In 2015/16

AFRICANGLOBE - Ethiopia's economy is expected to grow by 9.5 percent this fiscal year ending June before accelerating to 10.5 percent in 2015/16, the World Bank said on Friday, adding inflation will remain in single digits during this period. The ruling Ethiopian People's Revolutionary Democratic Front (EPRDF) has touted its economic achievements before Sunday's election, although no one doubts it will sweep to power again.

Ethiopia Can Achieve Middle Income Status By 2020 – World Bank

AFRICANGLOBE - According to the report, the World Bank acknowledged that Ethiopia had the capability to achieve its target of becoming a middle income country by 2020. The report said that in spite of all the challenges, if Ethiopia continued its current pace of growth, it would join the ranks of middle income countries within the decade.