Tuesday, September 15, 2015

Ethiopia set to be the fastest growing country in the world

(Sep 15, 2015, (CNBCAfrica))--Ethiopia is head and shoulders above the rest of Africa in meeting the Millennium Development Goals (MDG). The Gates Foundation has released a report “One foot on the ground, one foot in the air” tracking Ethiopia’s development despite having the lowest human development in the 1990s.

In the wake of massive agricultural investment, a sector which employs three in four Ethiopians and a government committed to pro-poor spending, the East African country is expected to halve its poverty.

According to the report, the agricultural sector has cut poverty by seven per cent between 2005 and 2011. With Ethiopia’s development finding its roots in an agriculturally-led environment, it has included, “Maintaining teams of agronomists across vast rural areas to boost productivity by recommending best agricultural practices and scientific innovation.

"Further, a doubling of Ethiopia’s road network in two decades, which has allowed more farmers to bring their produce to market," said the report.

The notable takeaway lessons from Ethiopia’s experience in sustainable developmental goals is firstly, “Centring government policy on a single goal - poverty reduction - and taking a multidimensional approach can encourage ministries to work more comprehensively and consistently.” Read more from CNBCAfrica.com »

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