RAS History & PhilologyAsia and Africa Today

  • ISSN (Print) 0321-5075
  • ISSN (Online)2782-2389

"AFRICAN LION" SETS NEW RECORDS

PII
S0321-50750000617-4-1
DOI
10.31857/S50000617-4-1
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume / Issue 6
Pages
56-57
Abstract
Ethiopia, which the mass media names more and more often «The African lion», topped the list of not only as the fastest growing economy in Africa, but also of the African country with the most quick-growing number of millionaires.Specialists note that it is a result of a record GDP growth of Ethiopia. During the last six years it increased by 93% (for comparison, Egypt’s GDP growth over the same period was81%, and Angola - 61%).It is noteworthy that unlike most other African countries, where economic growth is driven by the development of the mining sector, in Ethiopia «growth drivers» are agriculture, transportation, manufacturing and services. Investing into these sectors, «new Ethiopians» make millionaire fortunes.
Keywords
Africa, Ethiopia, fast-growing economies, Mohamed Al-Amoudi
Date of publication
01.06.2014
Number of purchasers
1
Views
989

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