Ethiopia: Promising Journey Towards Industrialization

analysis

Public investment in Ethiopia has been playing a major role in realizing key development programmes. Suffice to mention that since 2013, public investment has constituted well over one third of the nation's GDP - higher than the African average of 22 per cent. Such investments were of crucial importance for uplifting over 2.5 million Ethiopians from the global poverty line. Public investments in infrastructure, health and education vividly stand out as evidences of successful pro-poor development polices.

Furthermore, political, social and macro-economic stability, fast economic growth, attractive investment laws and competitive incentive packages have created better opportunities for private sector investment. On the other hand, the all-round efforts put in place and measures taken, to curb corruption and promote good governance, have also contributed their part in the encouraging results attained so far.

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