Ethiopia Makes Slight Progress on Human Dev't Report

Dec 19 , 2020


Ethiopia stagnated in the 173rd position out of 189 countries listed on the 2020 edition of the Human Development Index (HDI) released by the United Nations Development Programme (UNDP). Ethiopia remained in the same position it occupied in the 2019 report although the HDI rating has improved slightly to 0.485 from 0.47. The rankings show that Ethiopia showed incremental advances in life-expectancy and education indices. The data also highlight that Gross National Income per capita has climbed higher to just over 2,200 dollars from the previous year's entry of 1,780 dollars. The report emphasises that world leaders need to address the pressure that is being exerted on the environment in order to safeguard stability and progress. It estimates that if things continue the way they are going, parts of the world could face up to 100 more days of extreme weather each year by 2100. The report maintains that tackling inequality, capitalising on innovation, and working with nature are the ideal ways forward. This year, the organisation has also introduced an experimental Human Development Index (HDI) that takes a country's carbon dioxide emissions and material footprints into account.


Radar

Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Radar

Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Radar

Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...


Back
WhatsApp
Telegram
Email