Ethiopia: injecting new blood into the national economy



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It is worth mentioning the fact that Ethiopia and its people have been working from dawn to dusk more than ever with the goal of taking it to the next chapter of achievement and smoothing the progress of investment opportunities across the country.

It goes without saying that the country repeatedly strives for the love of lifting its people out of poverty and transforming the lives of those who relatively lead a layer of destitution that resides in every corner of the country. To this end, the incumbent has been doing his best to realize his dream and grow the country’s economy from now on.

Time and time again, wide specters of companies have been produced since Prime Minister Abiy Ahmed came to power. He has been making the impossible possible by putting into play various effective techniques from time to time that win everyone’s hearts and minds at any given moment.

Along the same lines, the Prime Minister has been implementing various effective strategies emphasizing transforming the lives of the Ethiopian people over and over again. In the past, Ethiopian-born foreign nationals and foreign investors did not have the same opportunities, but now, thanks to the Prime Minister, they can invest in their soil as they wish and contribute to their homeland.

According to The Africa Report, during the last two years, the contribution of the diaspora has increased significantly and to the extent that it may be registering remarkable growth. For example, two commercial banks managed to register a capital of $ 400 million from Ethiopian foreign nationals residing abroad. More specifically, in recent years, the annual inflow of remittances averaged $ 5.5 billion, representing a momentous growth from the average of $ 4 billion recorded for five years prior to 2018.