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Ethiopia is officially known as Federal Democratic Republic of Ethiopia located in the “Horn of Africa.” It’s bordered by Eritrea to the north and northeast, Djibouti and Somalia to the east, Sudan and South Sudan to the west and Kenya to the south. The capital city of Ethiopia is Addis Ababa. It’s the most populous land locked country in the world as well as the second most populated nation in the African continent.
The economy of Ethiopia is largely based on agriculture, which accounts for 46.6% of the gross domestic product (GDP) and 85% of total employment.
Ethiopia is one of the fastest-growing economies in the world and is Africa’s second most populous country. Many properties owned by the government during the previous regime have been privatized and are in the process of privatization. However, certain sectors namely Telecommunications, Financial and Insurance services, Air and Land Transportation services, and retail are considered as strategic sectors and would remain under state control for the foreseeable future.
Africa is an amazing continent that is distinctly unique among the seven continents. Africa is rich in cultural heritage and diversity, a wealth of natural resources, offers breathtaking tourist attractions, and contains some of the most virgin markets. Explore this incredible continent with some of the most interesting facts about Africa.
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