Home | News    Thursday 18 October 2012

Ethiopia sees double-digit economic growth

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By Tesfa-Alem Tekle

October 17, 2012 (ADDIS ABABA) - Ethiopia’s newly elected Prime Minister, Hailemariam Desalegn, while responding to questions raised by law makers on Tuesday, said that nation will register over 11 percent economic growth during the 2012/2013 fiscal year.

The premier’s prediction is more optimistic than the International Monetary Fund’s, which forecasted Ethiopia’s growth rate at 7 percent.

Hailemariam said Ethiopia will repeat a double digit economic growth this year like it did for the past 7 years in a row.

He added the double digit growth rate is a clear indication of the country’s firm determination to battle poverty and realize nation’s ambitions of joining to the list of middle income countries.

According to the new Ethiopian leader, government has planned to create 1.7 million job opportunities during this budget year.

Prime Minister Hailemariam Desalegn said inflation has seen a decline to 19 percent from 40 percent after government continuously put market stabilizing measures.

This was Hailemaram’s first Parliament appearance since he became Ethiopian leader as the late Meles Zenawi’s successor who died in August.

The horn of Africa’s nation is the fastest-growing non-oil producing African nation and according to its own figures.

Ethiopia, Africa’s second most populous nation with 84 million, is currently Africa’s fourth-largest economy and with a GDP of $32.3billion, it has become East Africa’s largest economy surpassing neighboring Kenya.

RELIGIOUS UNREST

Hailemariam has also responded to issues related with the ongoing protests by Muslims who accuse government of interference in religious affairs.

In this regard, the premier noted that the government respects the freedom of religion. He dismissed the allegations of government interference on religion.

He however warned those “forces” having hidden political agenda that instigate public disorder under the pretext of religion.

He said “Government will take necessary actions against such activities” adding “government and religion shouldn’t interfere one in the other”.

REGIONAL PEACE AND SECURITY

The Ethiopian prime minister also underscored that his country would continue to play central role in maintaining peace and security in the east African region.

He said Ethiopia will exert maximum efforts through diplomatic and peace keeping efforts particularly within the auspices of IGAD to ensure regional peace and stability.

Hailemariam mentioned the recently reached agreement between Sudan and south Sudan on outstanding issues and the political transition in neighboring Somalia as major achievements gained due to the persistent efforts of the Ethiopian government.

(ST)

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  • 18 October 2012 11:43, by H/Ab

    H/Mariam Desalegn is simply a puppet who directly receives order from TPLF cadres. It was disgusting to watch H/Mariam when he struggles to imitate his predecessor’s voice and act. Indeed, he is good for nothing and no one in Ethiopia today take him seriously as a real prime Minister with a real power.

    repondre message

    • 18 October 2012 14:23, by Asmera

      Hi H/A?
      Do you know Haile Mariam who he is and his educational back ground? Please do not talk as an echo? if someboday says, you also say it.
      I highly admired him, especially on economic analysis and market analysis based on facts and international principles. Africa needs leaders like Meles and Haile Mariam.
      God Bless Africa

      repondre message

    • 18 October 2012 18:44, by Awalom Alula

      Mr. H/Ab
      are you from one of the egoists who think they are different or you are an ethiopian who is concerned about his country? I feel you should be from the obvious source of supperiority complex who think they are big while they are otherwise. do not criticize somebody whom you are no match at all.

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  • 18 October 2012 17:16, by Wolleyewu

    H/mariam is an ordinary folk who managed to get masters level eduacation but not qualified to lead cevilized nation of Ethiopia desppite he is much better than the late ignorant Meles Zenawi a drop-out from AAU and finally developing Brain Cancer from constant educational inferiotity complex.H/mariam is a figure head manupilated by prominent TPLF thugs like Seyoum Mesfin,Birhane G/kirist etc

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  • 18 October 2012 17:25, by Wolleyewu

    Regarding rehitoric about growth its utterly a blatant lie. In a country where corruption is rampant and a simple General earning 3500-5000 birr a month could built 90million worth aprtment building and every Tigray is engaged in massive import and export trades along side with EFFORT that is controlling every economic sectors of the country; how come development is feassible and equitable?

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  • 18 October 2012 17:44, by Wolleyewu

    Fellow contry men, you know what, being Tigray like Ato Ambaye (a thycon involved in road construction) and others have a previlage to make a fortune in Ethiopia while million street chioldreen and homless people are left on the streets of Addis and refuse disposal area near bole bulbula and also every citizen is incapable of feeding at least once a day. So where does that groth come from?

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    • 18 October 2012 18:04, by Ruach

      Amhara Lijoch:You ruled Ethiopia for 700 years(Gondarine periods),but no changes more than exposing the country to poverty like in 1984-7 G.C a year in which I was born!You know how to talk and cheat like Dinka Bor in South Sudan with no clear objectives!You like to say you wiser than any human being in world.Leave the man alone with his dev’ts strategies

      repondre message

    • 18 October 2012 18:38, by Awalom Alula

      Mr Wellyowu
      I am really sad that you guys are so crude in your comments on the Ethiopian economic growth. are you in DC chasing your Mc Donald or you are any where clos to the reallity? I am not going to comment on the way you have been decrbing our late PM. since it is your right to see things in a way that suits you this is not really a problem for me but for you. try to think positive

      repondre message

  • 18 October 2012 21:56, by Wolleyewu

    Woyanes and Woyane loyalists, I need to make one point about you.I am not here to argue with every single criminal & in-human EPRDF/TPLF cadres (Yewoyane Joro Tebbi).I am here to disprove never ending lies of EPRDF/TPLF propadanda machine from in and overseas. That is my duty as wolleye and as pure Ethiopian who complys with GOD/ALLAH orders.The misery of my people caused by Woyane has to end now!

    repondre message

    • 19 October 2012 04:13, by henok

      Ante jilajil yewelo kebt, attefam kezih? aynhn new yematefaw. wisha.

      repondre message

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