Subscribe to our newsletter HUB INFOGRAPHICS, FACT SHEETS & SUCCESS STORIES THE AFRICA GROWTH AND OPPORTUNITY ACT (AGOA) Trade & Investment News Read Our Blog HUB EVENT VIDEOS Newsletters

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 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
read more

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.
read more

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
read more

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
read more

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
read more

Ethiopia looks to ports in Kenya , Somaliland and Sudan to increase imports and exports

Published on June 18, 2015
As part of a new national strategy, Ethiopia will begin using ports in Kenya, Somaliland and Sudan in order to increase trade volume. This strategy will decrease Ethiopia’s current policy of relying solely on the Port of Djibouti. In a move supported by the United Nations Development Programme (UNDP), Ethiopia will begin using Mombasa Port in Kenya, Berbera Port in Somaliland, and Port Sudan in Sudan. In addition, Ethiopia will continue to utilize Djibouti port. The use by Ethiopia o f Mombasa Port will serve as an outlet for goods mainly from the southern part of Ethiopia. Using the port and the Mombasa Corridor will also connect Ethiopia to the markets of the East African Community (EAC). Road work is underway in Ethiopia and will connect to Kenya’s fully paved roads leading to Mombasa Port. The approval process is also underway in Kenya to widen the road from four to six lanes from Mariakani to Mombasa. At least some of the Ethiopian goods destined for export markets will make use of the expanding port facilities in Mombasa. Read more. Source | Somalilandpress
read more

World Bank says Ethiopia's economy to grow 10.5% in the next fiscal year

Published on June 12, 2015
The World Bank said Ethiopia's economy was expected to grow by 9.5% this fiscal year ending in June before accelerating to 10.5% for 2015/16, adding that it expected inflation to remain in single digits during this period, MoFA reported. "If lower oil prices are passed on to consumer in the form of lower fuel prices", Lars Christian Moller, the World Bank's lead economist and program leader for Ethiopia said. "It gives additional disposable income to consumers." Mr. Moller, in an interview with Reuters, said the service and agriculture sectors were likely to drive growth, along with the booming construction sector. Read more. Source: AllAfrica.com.
read more

Regional Focus on Ethiopia – USAID East Africa Trade Hub Activities

Published on June 01, 2015
Regional Focus on Ethiopia – USAID East Africa Trade Hub Activities. Regional integration is key to fostering development of regional markets and increasing the competitiveness of African products globally. Ethiopia benefits both through direct programs and through our regional initiatives across the East African Community (EAC).
read more