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Ethiopia

Animated-Flag-Ethiopia.gifThe 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

US investment in Ethiopia reached 4 bln USD

Published on February 04, 2016
The United States investment in Ethiopia has reached four billion USD. Engagement of several US companies and Ethiopians in the Diaspora are contributing to the growth, Girma Biru, Ethiopian Ambassador to the U.S said. Corbetti Geothermal Company, KKR & Co. L.P Horticulture, Blackstone, Major apparel manufacturers, GE manufacture and Coca Cola are few of the US companies currently investing in Ethiopia. Pursuant to President Obama’s visit to Ethiopia, Corbetti Geothermal Company has signed a power purchase agreement with the Ethiopian Electric Power Enterprise. The geothermal plant with a capacity to generate 1,000 MW power, will be Africa’s largest geothermal facility. Read more. Source| Ethiopia News Agency
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The Vault: Connecting East African SMEs to investors at CCA's U.S.-Africa Business Summit

Published on February 04, 2016
The Hub recently participated at the Corporate Council for Africa's 10th biennial U.S. Africa Business Summit. The Hub organized a special session dubbed 'The Vault,' where investors met one-on-one with entrepreneurs seeking investment. The Hub selected and coached five businesses from East Africa on how to pitch to investors. They joined entrepreneurs from across Africa to enter a series of "speed dating sessions" with investors. The five Hub-supported businesses were: 1.) Ms Aprelle Duany, founder of luxury brand AprelleDuany from Kenya, 2.) Mr Marcos Brandalise, managing director of BrazAfric from Kenya, 3.) Ms Agnes Atim Apea, managing director of Hope Development Initiatives from Uganda, 4.) Ms Victoria Kisyombe, founder of SERO Leasing and Finance from Tanzania and 5.) Avi Manes of Nazareth Garment from Ethiopia.
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Ethiopian textile companies connect to international buyers at Heimtextil trade show

Published on January 21, 2016
From January 12 – 15, the Hub participated in the Heimtextil trade show in Frankfurt, Germany. Four Ethiopian textile companies exhibited, Bahir Dar, MNS, Almeda Textiles and Kombolcha.  An Italian buyer has already been in touch with the Hub with a request for samples from the Ethiopian companies.
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Ethiopia entry into NCIP a game changer

Published on December 14, 2015
The formal entry of Ethiopia into the Northern Corridor Integration Projects initiative is likely to reshape the regional economy and politics, creating a new trading bloc. Ethiopia announced it had applied to join Kenya, Rwanda, South Sudan and Uganda in the initiative that is slowly transforming into more than just an infrastructure-oriented group during the 12th Head of States meeting in Kigali on Thursday. Ethiopian Foreign Minister Dr Tedros Ghebreyesus said his country on Thursday submitted a letter to join the initiative after being an observer for six years. Read more. Source | Newtimes
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Kenya, Ethiopia sign 'historic' trade deal

Published on December 10, 2015
Kenya and Ethiopia have signed a 185-million-euro deal to end conflict along their common border and spur development. The leaders of both countries promised that the deal would create jobs, reduce poverty and foster trade in their restive borderlands, where conflict has intensified in recent years. The pact, signed in the border town of Moyale, should help the local communities overcome the isolation that has been a barrier to development in the region, leaders say. Read more. Source | RFI
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Kenya and Ethiopia vow to turn conflict-ridden border into trade hub

Published on December 08, 2015
The leaders of Kenya and Ethiopia promised on Monday to create jobs, reduce poverty and foster trade in their restive borderlands, where conflict has intensified in recent years. The $200 million project aims to create a trade and investment hub along the remote 860 km (530 mile) border where human, arms and drug trafficking are rife, the head of the United Nations in Kenya, Nardos Bekele-Thomas, said. "The problem here is poverty," she told the Thomson Reuters Foundation. "It's just hopelessness that creates insecurity." Clashes between herding communities over grazing land, water and cattle have become increasingly deadly due to an influx of guns, as well as political power struggles and fast-growing populations. Read more. Source | Standard Digital 
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Hub hosts Korean textiles industry investor delegation

Published on December 03, 2015
On November 30, the Hub hosted a delegation of investors from Korea, led by the Korea Federation of Textile Industries (KFTI), at its offices in Nairobi, Kenya. This was the Korean delegation’s first trip to Africa. The group was on a fact finding mission to look for investment opportunities in Kenya, Uganda and Ethiopia.  On the same day, KFTI signed a Memorandum of Understanding with Hub grantee Africa Cotton and Textiles Federation (ACTIF) to promote such investments. Left: The Korean investor delegation at the Hub. Right: ACTIF and KFTI sign an MoU to promote investment in textiles.
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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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