Ethiopia has grown rapidly in the past decade, with among the lowest income inequality in Africa, and has achieved major social progress: in the last five years Ethiopia has made very significant reductions in child mortality, rolled out an innovative social safety net to protect some of the nation’s most vulnerable people, and put several million more children into primary school.
Around a quarter of Ethiopians still live in extreme poverty. So, the Government of Ethiopia has set the goal of reaching middle-income status by 2025 while making sure that the benefits of growth reach all parts of society. To meet this ambitious aim the country will need to develop its manufacturing industry, allowing it to drive productive job creation and sustainable growth. Effective government will be a key factor in determining their success or failure.