Ethiopia is experiencing robust economic growth, with its GDP surging by 9.2% in the 2017 Ethiopian fiscal year. According to the Council of Ministers’ 100 Days Review, this impressive momentum was primarily driven by industry, which expanded by 13%, alongside solid growth in the agriculture (7.3%) and services (7.5%) sectors.

The outlook is even brighter: the economy is projected to accelerate to 10.2% growth in E.C. 2018. This acceleration will be driven by major projects like the completion of the Grand Ethiopian Renaissance Dam (GERD) and new mega-investments in fertilizer and gas. Sector growth is expected to remain robust, with industry forecasted to grow by 13.2% and services by 9.3%.

Crucially, the finance sector is actively supporting this growth, demonstrated by loan disbursements surging 113% compared to last year. Meanwhile, the digital economy is taking off, with transactions hitting a massive 6.5 trillion birr in the last quarter alone. The report concludes that Ethiopia is firmly on a path toward structural transformation and inclusive economic growth.