A nation once characterised by land-locked isolation
and poverty, Ethiopia has emerged as Africa's 'newest Lion
economy' and continues to accelerate in the global economy.
With a population of 70.7 million people, Ethiopia has enjoyed a
period of rapid economic growth by about 10% a year since
2004.
Ethiopia was once a synonym for poverty and famine. Even though
it is still one of the poorest nations in Africa - with an
estimated third of the population earning less than $1 a day - the
country has one of the fastest-growing economies in Africa,
and development of the agriculture industry is a major feature of
Ethiopia's economic growth.
Aside from agriculture, many other factors contribute to
Ethiopia's economic growth. The inflow of Foreign Direct
Investment (FDI) from diverse sources into different sectors,
stable non-food price inflation, increasing exports to a
diversified range of markets, stable economic policies, and a
strong investor protection framework-
