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Economy of Addis Ababa. Addis Ababa 's economy is growing rapidly and become leading among cities in Ethiopia. Over the last two decades, the city shifted to development-oriented programmes and privatization. In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched ...
The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. [25] The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies.
This is a list of government-owned companies of Ethiopia. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
The Transitional Government of Ethiopia ( TGE) was an era established immediately after the Ethiopian People's Revolutionary Democratic Front (EPRDF) seized power from the Marxist-Leninist People's Democratic Republic of Ethiopia (PDRE) in 1991. [6] During the transitional period, Meles Zenawi served as the president of the TGE while Tamrat ...
Equb. Equb, Iqub or Ekub ( Amharic: እቁብ) is an association of people in Ethiopian culture with the aim of mobilizing resources, especially finance, and distributing them on a rotating basis, [1] [2] via a form of rotating savings and credit association. It is distinguished from Eder by duration of time; Equb is temporary or permanent ...
The Economy of Ethiopia remained very traditional until the later 20th century, although Ethiopia —unlike most sub-Saharan countries —had maintained trade and contacts with the outside world for centuries. Since ancient times, Ethiopian traders exchanged gold, ivory, musk, and wild animal skins for salt and luxury goods, such as silk and ...
The Commercial Bank of Ethiopia ( CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around more than 35,000 employees as of June 2022, who staff its headquarters and its over 1000+ branches ...