Ethiopia’s parliament approved a five- year economic plan today that targets growth of as much as 14.9 percent by expanding agriculture and boosting savings to fund investment.
The government will raise the minimum deposit rate, which is currently below October inflation of 10.6 percent, Prime Minister Meles Zenawi told lawmakers in the capital, Addis Ababa. The average rate is 4 percent, Zemen Bank said in July.
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