Ethiopian Business Review

Addis Ababa ranked third among 84 emerging cities worldwide to advance its global positioning over the next 10 to 20 years. The ranking comes from the “Emerging Cities Outlook 2014,” a report published by A.T. Kearney, a US-based management consulting firm that focuses on strategic and operational issues facing businesses, governments and institutions across the globe.

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The amount of money, in Birr, reported as unutilized budget. The findings were the result of auditing the accounts of ministries and other agencies of the federal government by the Federal Auditor General for the 2012-2013 fiscal year.

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The total value of imports in 2012/13 showed a 20.2Pct increment compared to the preceding year and reached USD10.82 billion. Nevertheless, the ratio of imports to Gross Domestic Product (GDP) slightly decreased from 29.6Pct in 2011/12 to 22.8Pct in 2012/13. The country’s import-to-GDP ratio is now at a level that is comparable to Kenya, Uganda, and China. 

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