Ethiopian Business Review

Life expectancy, one of the methods used to measure health in various countries, has drastically risen in Africa from 50.9 years in 2012 to as high as 54 years last year, according to UNDP. The gain in longevity is observed despite the fact that large section of the African population still suffers from poverty, malnutrition, illiteracy, and low access to health facilities, communicable diseases, and a lack of access to clean water. Despite the improvement, the lowest life expectancy in the world is located in the continent. Africa’s Sierra Leone has a life expectancy of only 50.1 years, the lowest in the world.

Published in Statistics
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In Ethiopia, micro finance institutions (MFIs), which were mostly founded with the aim of fighting poverty, play a big role in addressing the needs of people who are considered ‘high-risk’ by commercial banks. In a country where over 77pct of the population is unbanked, MFIs provide loans to the large portion of the population with very few assets.

Published in Statistics
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Inadequate infrastructure continues to undermine the competitiveness of African countries in the global arena. Despite being blessed with ample mineral and other natural resources, the continent has the lowest infrastructural development in the world in areas like energy, water, sanitation, transportation, and communications technology.

Published in Statistics
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