Agriculture is one of the best prospect sectors for growth in Ethiopia

Agriculture is one of the best prospect sectors for growth in Ethiopia. 

Recently, the Government of Ethiopia (GOE) has embarked on a ten-year economic development plan (2021-2030) where agriculture is on the top of priority sectors. The agriculture sector is projected to grow at 6.2 percent per annum over the next ten years. Ethiopia’s development plan has laid out enhancing agricultural production and productivity as one of the major strategic pillars. In addition, the ten-year development plan aims at boosting agricultural export revenues and substituting imports by reducing production costs. To achieve this, the GOE seeks to leverage on developing huge unutilized arable land, modernizing production systems, and improving uptake of technology. Furthermore, the ten-year plan envisages to build a climate resilient green economy. In this regard, Ethiopia pursues to expand development efforts to fight land degradation and to reduce pollution; reduce Green House Gas (GHG) emissions; increase forest protection and development; increase production of electricity from renewable sources for domestic use and for export; and focus on modern and energy saving technologies.

%d bloggers like this: