Regulatory Alerts2015-11-01
National Bank of Ethiopia Annual Report 2014-2015
The National Bank of Ethiopia issued its 2014/15 annual report detailing the country's robust 10.2 percent real GDP growth, driven by strong performance across services, industry, and agriculture alongside a 39.3 percent gross capital formation ratio. The document highlights the successful expansion of micro and small enterprises, which generated 2.8 million jobs and secured over Birr 6.5 billion in credit, while simultaneously tracking progress on critical infrastructure metrics including an 84 percent national potable water access rate and a 10.9 percent expansion of the road network to 110,414 kilometers. These macroeconomic and sectoral achievements demonstrate the country's steady progress toward its first Growth and Transformation Plan targets, underscoring sustained investment in manufacturing, construction, and rural development.