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INDVSTRVSJanuary 24, 2019

Africa’s second most populous country, which was ranked the third-poorest in the world in 2000, has seen a meteoric rise through state spending on roads, giant dams and industrial parks. Ethiopia’s services sector has also contributed significantly towards rapid growth. With an annual GDP per capita of USD 80 billion, it is miraculous that Ethiopia has seen poverty rates fall to 31% in less than a decade, making it among the top three fastest growing economies of the world.