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Ethiopia Leads the Charge on Regional Integration: Zimbabwe Takes Note

On March 15, 2025, ENA reported from Addis Ababa— Zimbabwe's Finance, Economic Development, and Investment Promotion Permanent Secretary stated that Ethiopia has made significant progress toward advancing regional integration.

Andrew Bvumbe, the permanent secretary, also noted that Ethiopia has made significant progress in constructing the Grand Ethiopian Renaissance Dam (GERD) and advancing the development of a regional energy network.

Observe that Ethiopia is increasing its position as a key regional producer of energy, with electricity exports expected to substantially boost its economy and strengthen relationships with nearby countries.

At present, the nation is providing electricity to Sudan, Kenya, and Djibouti.

I believe these are remarkable initiatives that significantly promote the integration of the Horn of Africa, aiding our involvement with various regional integration communities as well.

Bvumbe additionally informed ENA that the Ethiopian government is making significant progress regarding reforms, particularly in areas such as foreign exchange management, maintaining macroeconomic stability, and liberalizing the economic climate and business sector.

Starting from last July, the nation has been executing an extensive macroeconomic overhaul aimed at facilitating robust and steady economic expansion, keeping inflation below single digits, and establishing a competitively strong global economic framework.

And you can witness the outcome. Investments are flowing in... Numerous construction projects and economic endeavors are underway.

The permanent secretary mentioned that he has been monitoring Ethiopia's economy for many years.

He pointed out that the possibilities are immense, with a substantial market and an energetic entrepreneurial community.

Regarding Bvumbe, the establishment of industrial parks and special economic zones is quite remarkable. "Therefore, I applaud the government for their excellent work."

So far, 10 industrial parks in Ethiopia have been designated as Special Economic Zones (SEZs). The aim is to boost exports, develop specific industries, and draw investments.

Highlighting the remarkable advancements occurring in Ethiopia, the permanent secretary mentioned that his nation, Zimbabwe, aims to learn from and exchange experiences with Ethiopia.

Provided by SyndiGate Media Inc. Syndigate.info ).
Ethiopia Leads the Charge on Regional Integration: Zimbabwe Takes Note Ethiopia Leads the Charge on Regional Integration: Zimbabwe Takes Note Reviewed by Diwida on January 26, 2025 Rating: 5
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