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[Feb 2017] Ethiopian Growth and Transformation Plan Latest Ethiopian News - AddisBiz.Com | Ethiopian Business Guide

Ethiopia targets to earn 6 billion USD from tourism sector

Ministry of Culture and Tourism said that Ethiopia has targeted to earn six billion USD revenue from the tourism sector in its second Growth and Transformation Plan.

Public and International Relations director with the Ministry, Gezahegn Abate told WIC that the ministry plans to earn six billion USD revenue per year from the expected six million foreign visitors to the nation in the GTP II period.

The contribution of the tourism sector to the country’s GTP so far is about 1.2 percent, Gezahegn said, adding that it is now

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Ethiopian construction sector to surpass regional peers

Ethiopia’s construction sector will outgrow that of neighbors in the region over the next ten years, according to projections by BMI Research International.

The construction sector will grow at an annual average growth of 11.6% and will be fueled by a swell in infrastructure investments in the region. BMI said it expected the growth to be pushed in future, by residential and non-residential sectors.

Although the rate is expected to be slower than that in the previous years because the government will be unable to maintain

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Ethiopia sets $1 billion target for textile export

Ethiopia’s Textile Industry Development Institute (TIDI) has forecast $ one billion in annual revenue from textile and garment export during the second phase of the growth and transformation plan (GTP II), according to media reports in the country.
In a bid to make the nation the major exporter of textile products, the government has extended attractive incentive packages to boost production of the manufacturing industry subsector.

“We are working to be a leading country in light manufacturing in Africa which will lay the

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