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Ethiopia

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

Ethiopia growth at 10% during past decade

Published on December 02, 2015
Over the last decade (2004-2014), Ethiopia’s real gross domestic product (GDP) growth has averaged 10.9 percent according to a new World Bank report.  “Ethiopia is in it for the long run as the title of this highly interesting and very useful report suggests.  Our country is in the business of enduring the challenging course of development and breaking new world records just like the famous long distance runners that our country is known for,” Dr. Abraham Tekeste, the Deputy Planning Commissioner, National Planning Commission said last week. According to the World Bank the country has made remarkable progress in its economic growth exceeding other low income and Sub-Saharan African countries, with real gross domestic product (GDP) growth averaging 10.9 percent in 2004-2014. Ethiopia has moved from the second poorest in the world in 2000 and, if it can keep the current pace, it’s on its way towards becoming a middle income country by 2025. Read more. Source | East African BUsiness Week
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Tanzania, Ethiopia in top 10 index

Published on September 21, 2015
East Africa can become a global and intra-regional trade hub but only if it dismantles all trade barriers in the region, according to researchers at the UK-based Barclays Bank plc. The researchers note that improving Customs  clearance procedures, facilitating greater cross-border co-operation, eliminating both tariff and non-tariff barriers  and increasing  investment in infrastructure such as roads, railway, ports, airports and energy  could transform the prospects for the region’s trade. “East Africa benefits most from relatively strong border administration and a fast-growing regional market,” they say. In their  Barclays Africa Trade Index (2015) report, the researchers  say many countries in Africa  have taken some positive steps  to boost  trade  by harmonising regulations along transport corridors, reducing stay times at the ports and delays associated with Customs control points and coordinating Customs processes across regional economic communities. Read more. Source | The East African
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U.S. businesses visit Ethiopia as part of largest-ever U.S.-led trade mission to Africa

Published on September 17, 2015
The U.S. Embassy to Addis Abeba, through its Foreign Commercial Service office, welcomed Ten U.S. Companies to Ethiopia this week as part of the largest U.S. government-led trade mission to Africa in history. The companies went through a day of meetings with Ethiopian government officials and area businesses, in an effort to facilitate new U.S.-Africa business deals. The Ethiopia visit was part of the U.S. Department of Commerce’s Trade Winds – Africa trade mission, which is ultimately bringing more than 100 U.S. companies to eight Sub-Saharan African markets. Read more. Source| Addis Standard
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Ethiopia set to be the fastest growing country in the world

Published on September 17, 2015
Ethiopia is head and shoulders above the rest of Africa in meeting the Millennium Development Goals (MDG). The Gates Foundation has released a report compiled by the Overseas Development Institute, titled: “One foot on the ground, one foot in the air” tracking Ethiopia’s development despite having the lowest human development in the 1990s. In the wake of massive agricultural investment, a sector which employs three in four Ethiopians and a government committed to pro-poor spending, the East African country is expected to halve its poverty. According to the report, the agricultural sector has cut poverty by seven per cent between 2005 and 2011. With Ethiopia’s development finding its roots in an agriculturally-led environment, it has included, “Maintaining teams of agronomists across vast rural areas to boost productivity by recommending best agricultural practices and scientific innovation. Read more. Source |CNBC Africa
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Hub's trade advisor comments on AGOA renewal

Published on August 31, 2015
The Hub's trade advisor J.C. Mazingue recently commented on the renewal of the African Growth and Opportunity Act (AGOA) in an article on Apparel magazine's webstie: A key operator called the East Africa Trade and Investment Hub (EATIH), a trade promotion agency based in Nairobi, Kenya, and funded by the U.S. government, has applauded AGOA's extension.  J.C. Mazingue, trade advisor for Africa and a contractor for USAID, said that AGOA would give African exporters duty-free access to 8,000 products, including almost all textile and apparel products.
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Obama to talk economics during Kenya, Ethiopia visit

Published on July 23, 2015
President Barack Obama leaves Thursday for a trip to Ethiopia and Kenya, homeland of his father, as he highlights growth in American economic links with sub-Saharan Africa. Obama arrives in Kenya Friday, where he will attend the Global Entrepreneurship Summit in Nairobi. Later, he will become the first American president to visit Ethiopia. Human rights groups have criticized Obama's trip to Ethiopia because of the country's handling of political dissent. Late Wednesday, Obama spoke about trade with Africa at a White House reception marking the signing of the African Growth and Opportunity Act. Read more. Source | Voice of America
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Key global development summit to open in Ethiopia

Published on July 13, 2015
The objective of the five days of talks, the third summit of its kind after talks in Monterrey in 2002 and Doha in 2008, is ambitious: laying out the ground rules for a fairer world of inclusive, low-carbon growth. Concretely, that means deciding how to fill a colossal annual investment gap in key sustainable development sectors for developing nations —estimated at up to $2.5 trillion annually according to the UN's trade and development body UNCTAD. Read more. Source | Daily Nation
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SITA to strengthen CTA sector in Ethiopia

Published on July 10, 2015
SITA’s “First Stakeholders’ Consultation on Ethiopian Textile and Clothing Value Chain Roadmap” was organised in Ethiopia in association with Ethiopian Textile Industry Development Institute (TIDI). The two-day workshop took place in Addis-Ababa during May. At the workshop, ITC experts along with international sector-specialists and investors undertook an initial assessment of the sector, and also shared insights on global trade and FDI trends relating to the Ethiopian export portfolio. The discussions focused on increasing the value of business transactions between India and Ethiopia for creating better production capacities and enhancing incomes. Read more. Source | International Trade Centre
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