Ethiopia achieves encouraging socioeconomic progress amid challenges: president

Ethiopian President Sahle-Work Zewde

Ethiopian President Sahle-Work Zewde

ADDIS ABABA, Oct. 11 (Xinhua) — Ethiopia has registered encouraging socioeconomic progress despite man-made and natural challenges, Ethiopian President Sahle-Work Zewde has said.

The Ethiopian president made the remarks while addressing the joint session of the House of Peoples Representatives (HoPR) and House of Federation (HOF) Tuesday.

Results gained in the macro-economic sector imply that the government has implemented effective policies that helped stand the economic instability globally, state-affiliated Fana Broadcasting Corporate (FBC) quoted Zewde as saying.

The president emphasized that socioeconomic progress was achieved despite challenges emanating from the ongoing conflict, drought, flooding as well as global economic instability.

She said the East African country achieved “promising results” in the export trade, in which the mining and agricultural sectors have contributed the greater share of the country’s export trade.

Zewde further emphasized that the Ethiopian government was able to create more than 2.3 million permanent jobs for citizens during the concluded 2021/2022 Ethiopian fiscal year which ended on July 7.

According to the president, the agriculture sector saw 43 percent growth while the service sector witnessed a 32 percent increase during the previous Ethiopian fiscal year.

Zewde further emphasized that the Ethiopian government is working hard to ensure food security and self-sufficiency through large investments in the wheat production sector.

Meanwhile, Zewde underscored that Ethiopia will continue strengthening its green development endeavors to tackle threats of food insecurity and mitigate the impacts of climate change.

She further noted ongoing efforts that are underway to generate more income from the tourism sector.

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