The government of Ethiopia is seeking to drop the poverty rate in the country to 19% of the total population over the next ten years. The information was reported by Fitsum Assefa Adela (pictured), the Minister for Planning and Development.
In an interview with the Ethiopian News Agency, the official said that poverty reduction is one of the main priorities of Ethiopia's first-ever 10-year Perspective Development Plan, which is to be implemented from July 2020 to 2030, in line with the sustainable development goals.
“When we make efforts to achieve the goals on our national plan, we will simultaneously be achieving the Sustainable Development Goals,” Fitsum Assefa Adela said.
“The fast growth we registered during GTPs I and II (growth transformation plan, ed) has helped us cut poverty by half. As a result, we have now about 25 million, which is one-fourth of our population, under poverty. So poverty reduction will continue to be the priority in the coming planning period,” she added.
According to the minister, one of the changes to be made over the next ten years will be to not measure poverty solely by consumption as before, but by multidimensional poverty, so that “this poverty should be slashed, if not eliminated 100 percent.”
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
A Starlink apresentou um pedido de autorização em junho de 2024 para operar na Namíbia. A empresa continua sua expansão na África, onde já está presente...
Sonatrach to begin drilling at Kafra block in Niger Operations target oil potential across 23,737 sq km area Project revives 2018 discovery with...
Rockefeller, GEAPP commit over $100 million to Mission 300 initiative Funds support electrification planning, coordination, and investment...
Deal covers counterterrorism, conflict prevention, and cybersecurity cooperation EU delivers military equipment under €50 million support...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...