Commission Avails 10-Year Plan for Consultation

Jun 27 , 2020


The National Planning & Development Commission is set to avail the 10-year National Development Plan for public consultation for the next 11 days starting next week. The 10-year National Plan has been in the making for the last year by the Commission led by Fitsum Assefa (PhD) under the theme "Ethiopia: An African Beacon of Prosperity." The masterplan document, subject to modification due to the Novel Coronavirus (COVID-19) pandemic, incorporates the 10-year plans of different government offices across diverse sectors including agriculture and roads. The public campaign will feature public deliberation on the agricultural sector, manufacturing, tourism, mining and innovation & technology. During the life span of the new plan, Ethiopia’s economy will experience 10.2pc average annual growth, according to the plan. Agriculture, mining, manufacturing industries, tourism, urban development, and innovation & technology are the key development sectors of the plan. The new plan will replace the current five-year growth transformation plan (GTP II) that spanned two editions.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email