The Hub's accomplishments in Ethiopia to Date:  

  • To date the Hub has supported 102 firms and associations to increase their export competitiveness
  • 32 firms and associations have been supported to participate in various trade shows resulting in 204 business linkages
  • Hub facilitated AGOA exports as at June 30 2017 stood at $39,498,864
  • Exports to other market destinations as a result of Hub support are $92,000
  • 765 new full time equivalent (FTE) jobs have been created, 76% of which are for women
  • Facilitated $14,781,00 new private sector investments
  • Facilitated staple food exports worth $130 million
  • Supported 3 firms to attain international export certification standards

Related Blogs and Resources

Foreign investors create more than 45 thousand jobs: EIC

Published on January 31, 2018
Foreign investors have created more than 45 thousand jobs for Ethiopian citizens during the last two years, says Ethiopian Investment Commission (EIC). EIC Communication Director Mekonenn Hailu told The Ethiopian Herald that attracting foreign investment is one of the best mechanisms to address unemployment in the country, he indicated. He added that the government is exerting various efforts to create employment for skilled and unskilled work force from investment alternatives in the country. Read more. Source | Ethiopian Herald
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Irrigation development foresees over 469 mln. quintals of crop

Published on January 31, 2018
The Ministry of Farming and Natural Resources said over 460 million quintals of crops would be harvested from 3.3 million of hectares through irrigation in this crop season. Ministry Public Relations Department Deputy Head Daniel Dentamo told The Addis Zemen daily that irrigation professionals gave training to farmers on irrigation development, economical water utilization and focus market oriented production. He said all the necessary inputs have also been provided to farmers. More than 496, 000 quintals of fertilizers and a million quintals of select seeds have been distributed to farmers. Read more. Source | Ethiopian Herald
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Addis to host 7th Horti Flora Expo

Published on January 17, 2018
The 7th Horti Flora Expo is to kick off in Addis from 14th to16th of March 2018 at the millennium hall as a biennial trade fair. Briefing journalists, Ethiopian Horticulture Producers Exporters Association (EHPEA) Executive Director Tewoderos Zewdie said that Ethiopia's horticulture and flori-culture industry has developed over the last 15 years. The country has endeavored towards a full grown player and put itself on the world map as one of the leading exporters of cut flowers, he said. Read more. Source | Ethiopian Herald
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Ethiopia to register highest growth in the region

Published on January 17, 2018
Growth in sub-Saharan Africa is expected to accelerate to 3.2 per cent this year from 2.4 per cent in 2017. But the forecast for faster growth will depend on a firming up of commodity prices and reforms. According to the latest Global Economic Prospects (GEP) report released by the World Bank last week, growth in the region is estimated to have rebounded to 2.4 per cent last year, after slowing sharply to 1.3 per cent in 2016. Read more. Source | East African
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Expanding consumer base lures investors to Ethiopia

Published on December 19, 2017
Ethiopia has overtaken Kenya as Eastern Africa’s regional economic giant in recent years. Investors are bullish about the country’s prospects over the next decade and seem willing to bet that its economic take-off will not long be delayed for much longer. Ethiopia has attracted significant levels of Western and Chinese investors, with the secret of its success being government-led public spending on infrastructure and strong local demand for goods and services. Read more. Source | Ethiopian Herald
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Kenya and Ethiopia dynamic economies lift regional GDP

Published on December 18, 2017
Economic dynamism has lifted eastern Africa’s growth despite harsh political climate witnessed in Kenya and Ethiopia, the biggest contributors to the region’s gross domestic product (GDP). A report by a UK-based accountant’s body, the Institute of Chartered Accountants in England and Wales (ICAEW), said the regional powerhouses had political problems in the year without which their economic performance would have been better. Read more. Source | Business Daily
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Ethiopia becomes largest recipient of FDI in Africa

Published on November 23, 2017
President of the Federal Democratic Republic of Ethiopia Dr. Mulatu Teshome said Ethiopia has become the largest recipient of Foreign Direct Investment (FDI) in Africa. The seventh International Conference on Pulses, Oilseeds and Spices was launched here yesterday with the theme ‘Africa the future pulse and oil seeds supply’. Speaking on the occasion, President Mulatu indicated that most recent The United Nation Conference on Trade and Development (UNCTAD) report showed that FDI flow to Ethiopia increased by 46 percent this year to reach 3.2 billion USD despite the decline in interest throughout the rest of Africa. Read more. Source | Ethiopian Herald
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Export reform to boost forex from coffee

Published on November 22, 2017
Ethiopia has come up with new export reform to boost foreign exchange earnings from primary export commodities. The reform is set to introduce value addition and new marketing system, improve productivity and reduce transaction cost. The country has been and still is highly dependent on primary agricultural exports for foreign exchange earnings. Despite having huge potential, absence of value addition and modern marketing system in coffee exports, among others, has forced the nation to lose large amount of foreign currency. Read more. Source | Ethioipan Herald
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