VOICED : Building boom offers hope to Ethiopia's e

Ethiopia's capital is experiencing a construction boom driven by private and government investments in infrastructure. This development is crucial for economic transformation, addressing Africa's infrastructure challenges. Despite rapid economic growth, Ethiopia faces challenges like limited financial services and high unemployment. Local construction firms are reinvesting in the community, creating jobs, but more diverse economic strategies are needed to sustain growth.

What is the primary focus of the Ethiopian government's investment in the capital?

• Educational institutions

• Tourism development

• Healthcare facilities

• Infrastructure projects

According to the International Monetary Fund, what is the estimated growth rate of Ethiopia's economy?

• 12%

• 10%

• 7%

• 5%

What is one of the main reasons private investors are attracted to the construction sector in Ethiopia?

• Lack of a developed financial market

• High returns in the stock market

• Government subsidies for agriculture

• Low labor costs

What types of buildings are most commonly constructed in Ethiopia's capital?

• Hotels, apartments, and offices

• Sports complexes

• Factories

• Shopping malls

Despite the construction boom, what remains a significant challenge for Ethiopia's economy?

• Over-reliance on agriculture

• Declining foreign investment

• High unemployment rates

• Lack of natural resources