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The awakening of a sleeping giant

Posted by Ethio Tribune on December 17, 2012

As a share of GDP, Ethiopia’s spending on infrastructure is by far the highest on the continent, africareview.com reported.
Ethiopia is devoting 1.3 billion USD annually to infrastructure, which is 10 per cent of its GDP, it said.
The website in its report under the title “The awakening of a sleeping giant” said Ethiopia’s Growth and Transformation Plan sees energy and transport infrastructure as priorities. Ethiopia has ambitious plans to improve infrastructure facilities for its 85 million people. There are large powe plants being built by Chinese and European companies.
“When you walk on the streets of Addis Ababa in Ethiopia, it feels like the city is one big building site” it said.
In terms of air transport, Ethiopian Airlines, which has an extensive network across Africa and an excellent safety record, is a regional leader and one of Africa’s three top international carriers.

One Response to “The awakening of a sleeping giant”

  1. Tes said

    I think your numbers are wrong. US$1.3 Billion is only about 2.5-3.0% of Ethiopia’s GDP. This is a very low number considering the expansion of infrastructure taking place in Ethiopia. Please check the number and report accurately.

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