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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 predicts record $1.5bn in foreign direct investment in 2015

Published on April 28, 2015
Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies. Only seven years ago, the country with a population of 94m drew only $108.5m in inward investments from overseas. But it has been growing at double-digit rates, thanks to increased relocation of factories, attracted by low wages, cheap power and supportive government policies. “This year will be a record for foreign direct investment,” said Fitsum Arega, head of the country’s investment agency, up 25 per cent from last year’s $1.2bn. The inflow of foreign investment marks a stark turnround from the 1980s, when the country was hit with a severe famine that made the eastern African country infamous for lack of development. Read more. Source | Geeska Africa Online
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USAID and Irish Aid collaborate to award Ethiopian dairy innovation fund recipients

Published on April 23, 2015
The Ethiopia Sustainable Agribusiness Incubator (ESAI), a project of the United States Agency for International Development (USAID), held a graduation ceremony today for 14 entrepreneurs who successfully introduced an innovative idea to the sesame, dairy and honey sectors, established a company and have started generating revenue. Read more. Source | Feed the Future  
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Private sector important to enhance ties between Ethiopia, Rwanda

Published on April 20, 2015
Ethiopian Prime Minister Haile Mariam Desalegn said a lot is expected from the private sector to enhance the overall ties between Ethiopia and Rwanda. The Prime Minister, who meet Ethiopian and Rwandan business persons here yesterday with the visiting Rwandan President Paul Kagame, said the private sector in both countries should take their countries' development to the next level. Saying Ethiopia and Rwanda have a lot in common, HaileMariam mentioned political stability, participation in peacekeeping operations and fast economic growth as the major similarities. "Both countries have been massively and robustly investing on the physical infrastructure to drive the course of doing business", he said. Saying the countries need to utilize these similarities to further enhance cooperation, particularly in investment and trade, he said. He called for more Rwandan investment and businesses in Ethiopia. Read more. Source | Ethiopia news Agency
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‘Business school wasn’t going to teach me to run a business in Ethiopia’

Published on April 16, 2015
Ethiopian-American entrepreneur Abai Schulze spent her formative years in an orphanage in Addis Ababa before being adopted at age 11 by an American family. During her schooling in the US, she travelled back to Ethiopia for summer holidays to volunteer in hospitals and orphanages. These trips enabled her to reconnect culturally with Ethiopia and to witness the economic transformation taking place. Although she hoped to return some day, Schulze planned to first further her studies and build her career in the US. But in 2013, aged 24, she moved to Addis Ababa to start ZAAF, a company that produces handcrafted luxury leather handbags and accessories. Read more. Source | How we made it in Africa
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Ethiopia to trade using regional ports

Published on April 13, 2015
Ethiopia has launched a national logistics strategy to use multiple ports in neighboring countries in order to improve the country’s international trade. Supported by the United Nations Development Programme, the country will use the Mombasa port, the Port of Sudan and Berbera port in Somaliland, in addition to the Djibouti port. “We will consider using all the ports in the region,” said Workineh Gebeyehu, Ethiopia’s Minister of Transport, at the launch of the strategy. Read more. Source | The East African
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Ethiopia eases towards COMESA Free Trade Area

Published on April 08, 2015
The Ethiopian government is finalising instruments and expediting internal consultations for the accession of the Common Market for Eastern & Southern Africa (COMESA) Free Trade Area (FTA). Industry areas in which the country is going to join the free trade area have been identified by the Ministry of Finance and Economic Development (MoFED) at the end of 2014. MoFED’s study conducted at the end of 2014 recommended a phase by phase approach to accede into the COMESA FTA and accordingly, categorised three trade areas based on their responsiveness to the FTA competition after accession. These are extremely competitive, upon capacity building and uncompetitive. Read more. Source | Addis Fortune
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Ethiopia Selected "Portrait Country" for 2015 Specialty Coffee Association of America's Annual Event

Published on April 07, 2015
Ethiopia is selected as the “Official Portrait Country” for the 2015 Specialty Coffee Association of America (SCAA) to be held in Seattle, USA, next week. “Ethiopia is taking a giant step forwards as it takes the centre stage in the international specialty coffee market as the official ‘Portrait Country’ at the 2015 Specialty Coffee Association of  America's Annual Event in Seattle, Washington,” Vroom added. The upcoming SCAA would be held from April 9-12, 2015, it was indicated. Deputy Chief of Mission at the Embassy of the United States in Ethiopia, Peter Vroom said America’s taste for coffee has evolved with an ever increasing demand for specialized coffee and this is a huge mostly untapped potential for Ethiopia. “America’s coffee connoisseurs are beginning to recognize just how special Ethiopian coffee is and Ethiopian coffees are now featured at the most popular coffee chains,” he underscored. The United States offers our continued support and commitment to a thriving Ethiopian coffee industry, the Deputy Chief of Mission further stated. With 9,000 members in 40 countries, Specialty Coffee Association of America represents every segment of the specialty coffee industry, including producers, roasters, importers/exporters, retailers, manufacturers, baristas and other industry professionals. Read more. Source | Ethiopian News Agency
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International horticulture expo kicks off in Ethiopia

Published on March 27, 2015
The 6th international horticulture expo that attracted over 105 foreign and domestic companies kicked off today in Addis Ababa with the Presence of Prime Minister HaileMariam Desalegn. Companies from Kenya, China, Turkey, Germany, Sweden, the Netherlands, Belgium, and others from the Middle East and Asia are displaying products at the three-day expo. Buyers from Russia, Germany, Sweden, the Middle East and other countries are also attending the expo. Speaking on the opening, Prime Minister HaileMariam said Ethiopia has become a center of attraction for Foreign Direct Investment (FDI) in horticulture development. International companies are attracted to Ethiopia because of the favorable conditions in terms of agro-ecology, investment environment and proximity to Europe and Middle East, he said. Ethiopia is the second largest grower and exporter of high quality cut-flowers in Africa next to Kenya. Read more. Source | Ethiopian News Agency  
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