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Ethiopia's economic liberalization in banking and telecommunications is creating a vibrant private sector boom, according to the UN Global Compact CEO. The country's welcoming business environment is driving growth across real estate, restaurants, and small businesses led by young people and women.
Ethiopia's economy is surging thanks to bold reforms that opened banking and telecommunications to competition. The UN Global Compact's top leader says small businesses, young entrepreneurs, and women are driving the country's remarkable growth.
The International Monetary Fund approved $261 million for Ethiopia after the country exceeded economic targets, marking continued progress in its transformation journey. Rising exports, growing foreign reserves, and easing inflation signal that difficult reforms are paying off.