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[Jan 2018] Ethiopian Growth and Transformation Plan Phase 1 Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Ethio Telecom aims mobile phone access to reach 113 million

The state monopoly Ethio Telecom (ET) targets to boost mobile network access to 113 million in the second Growth and Transformation Plan (GTP II).
The telecom giant currently provides mobile telephone service to approximately 50 million subscribers.
Andualem Admassie, CEO of ET, told Capital that the telecom enterprise aims to provide mobile telephone service to a total of 91 million subscribers, which is nearly double the number of current mobile users. The rest 22 million will be open to avoid network congestion.

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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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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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