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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 targets $1bn in textile exports by 2020

Published on May 28, 2015
Ethiopia is putting its textile sector at the centre of a five-year development strategy that seeks to position the country as a low-cost manufacturing hub. Under the second phase of the Growth and Transformation Plan (GTP II), the government aims to boost earnings from textile exports from an estimated $427 million in the first GTP I (2010-15) to $1bn by 2020. Given its low electricity and labour costs, Ethiopia is attracting the interest of global textile manufacturers, which are looking to relocate operations from Asia where worker wages are rising. The GTRP offers a range of fiscal incentives, including a five-year duty waiver on imports of heavy machinery and spare parts, and reimbursement of VAT on local goods. Despite being landlocked, Ethiopia’s proximity to Europe via the Suez Canal is another advantage of its budding textile industry, which has attracted Turkey’s Ayka —the sector’s largest player accounting for 57 percent of 2014 export earnings worth $111.45mn—and fashion brands H&M and Primark. Kanoria Africa Textile, a subsidiary of the eponymous Indian conglomerate, has also moved into the market, and is planning to start yarn and denim fabric production at its $35mn factory in June. Read more. Source | Africa Briefing
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Ethiopia's economy to grow 10.5% in 2015/16: Worldbank

Published on May 26, 2015
Ethiopia's economy is expected to grow by 9.5 per cent this fiscal year ending June before accelerating to 10.5 per cent in 2015/16, the World Bank said on Friday, adding inflation will remain in single digits during this period. The ruling Ethiopian People's Revolutionary Democratic Front (EPRDF) has touted its economic achievements before Sunday's election, although no one doubts it will sweep to power again, as critics say it stifles any real opposition. Read more. Source | CNBC Africa
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Ethiopia, Rwanda seek closer trade ties in leather industry

Published on May 14, 2015
Ten Ethiopian companies from the leather industry are in Rwanda to foster trade ties with their Rwandan counterparts. The visit comes days after the two countries signed partnership agreement to promote trade and economic relations. The investors are currently exploring different investment opportunities and markets for leather products in Rwanda, Gerald Mukubu, the acting chief executive officer  Private Sector Federation (PSF), said. “They will also meet with market players in Rwanda’s leather industry for business to business meeting and discuss mechanisms on how to share information, experience and how they can partner to promote trade between the two countries,” Mukubu said. Read more. Source | The New Times
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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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