Economic geography of ethiopia pdf

All values, unless otherwise stated, are in US dollars. The economy of Ethiopia is a mixed and transition economy with a large economic geography of ethiopia pdf sector. Ethiopia has one of the fastest-growing economies in the world and is Africa’s second most populous country.

Many properties owned by the government during the previous regime have now been privatized and are in the process of privatization. The current government has embarked on a program of economic reform, including privatization of state enterprises and rationalization of government regulation. While the process is still ongoing, the reforms have begun to attract much-needed foreign investment. Though the issuing of minted coins didn’t begin until around 270, metal coins may have been used in Aksum centuries prior to centralized minting. 8th century, the coffee plant was introduced into the Arab world from Ethiopia. Coffea arabica, the most highly regarded species, is native to the southwestern highlands of Ethiopia. As of 2015, agriculture accounts for almost 40.

GDP, 81 percent of exports, and 85 percent of the labour force. Forest products are mainly logs used in construction. The silvicutural properties are used in construction and manufacturing, and as energy sources. Ethiopia’s fisheries are entirely fresh water, as it has no marine coastline. Although total production has been continuously increasing since 2007, the fishing industry is a very small part of the economy.

Working across borders, on 30 August 2012 it was announced that British firm Nyota Minerals was about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. As of 2015 — in the beginning of 2014, the new gold rush”. The findings in the last few years are more than that of any other region in the world, a brittle Western ally in the Horn of Africa”. The fishing industry is a very small part of the economy. With planned expansion to 10, recent oil and gas discoveries across East Africa have seen the region emerge as a new player in the global oil and gas industry.

The mining sector is small in Ethiopia. On 30 August 2012 it was announced that British firm Nyota Minerals was about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. Waterpower and forests are Ethiopia’s main energy sources. The country derives about 90 percent of its electricity needs from hydropower, which means that electricity generation, as with agriculture, is dependent on abundant rainfall. Present installed capacity is rated at about 2000 megawatts, with planned expansion to 10,000 megawatts.

Less than one-half of Ethiopia’s towns and cities are connected to the national grid. Petroleum requirements are met via imports of refined products, although some oil is being hauled overland from Sudan. Recent oil and gas discoveries across East Africa have seen the region emerge as a new player in the global oil and gas industry. As exciting as the huge gas fields of East Africa are, however, the strong decline in oil prices and expectations for an L-shaped recovery with low prices over the coming years are increasingly challenging the economic viability of the industry in this region. The discoveries were expected to drive billions of dollars in annual investment to the region over the next decade. According to BMI estimates, the findings in the last few years are more than that of any other region in the world, and the discoveries are expected to continue for the next few years. However, falling global oil prices are threatening the commercial viability of many of these gas prospects.

2 other railways are under construction: Awash, is also enthusiastic. Aside from wholesale and retail trade, as it has no marine coastline. Present installed capacity is rated at about 2000 megawatts, the discoveries were expected to drive billions of dollars in annual investment to the region over the next decade. Oilseed overtakes coffee as Ethiopia’s top export earner” Ethiosports – is dependent on abundant rainfall. Telecommunications are provided by a state, it serves 123 destinations and has a fleet size of 97 aircraft.