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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

Expanding small-scale irrigation schemes to ensure food security

Published on August 22, 2016
Ethiopia's economy is largely based on agriculture. Of course, for several years, agriculture has been getting special attention from the government; as a result, the sector has shown a tremendous increase. Moreover, the nation is on the verge of achieving food security. But, so far, it has not come out of rain-fed agriculture. Very recently, the Ministry of Farming and Natural Resource has organized consultative meeting on resource mobilization for sustainable irrigation system in the premises of Ethiopian Institute of Agricultural Research (EIAR). During a day-long meeting, the participants held extensive discussion on 2015/16 performance review of small-scale irrigation schemes in all over the country. Read more. Source | Ethiopian Herald
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Ethiopia, US envision to cement economic ties

Published on August 22, 2016
The Ministry of Foreign Affairs said that the government of Ethiopia is investing heavily on physical infrastructure, railroads, major power projects and telecommunication with a view to attracting potential investors for mutual benefit. Addressing a two-day business-to-business networking between the U.S and African businesses yesterday, Ministry Americas Affairs Director General Ambassador Tebeje Berhe said that Ethiopia is a country that has shown trajectory sustained growth, registered double digit growth for the last 12 consecutive years. The Ethiopian Chamber of Commerce and Sectoral Association in collaboration with the Corporate Council on Africa and the East Africa Trade and Investment Hub organized the meeting to create opportunities to the private sector and enable them share experience on the overall global trading. Read more. Source | Ethiopian Herald
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U.S-based businesses explore investment opportunities in Kenya and Ethiopia

Published on August 19, 2016
On August 18, the Hub and Corporate Council on Africa (CCA) held a trade mission reception in Addis Ababa, Ethiopia. The purpose of the reception was to introduce a visiting CCA delegation of U.S. executives and investors to local businesses, service provides, and government representatives, and facilitate a structured business-to-business (B2B) networking session.
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Enhancing MSEs to boost employment opportunities

Published on July 29, 2016
Recently, the 14th International Conference on the Ethiopian Economy organized by Ethiopia Strategy Support Programme (ESSP) of the International Food Policy Research Institute (IFPRI) was held from July 21 – 23, 2016 at the Ethiopian Economic Associations (EEA) Head Quarter in Addis Ababa. At the conference more than 98 presentations were made in four plenary and six parallel sessions. Participants drawn from federal and regional government offices, universities across the country, civil society and international organizations, local and international research institutes and EEA members discussed on research presented by various partner institutions. The series of meetings of the conference have proved to be an excellent forum for Ethiopian and international researchers conducting research on Ethiopian economy.  The public engagement in Ethiopia has been effective on allowing youth-owned MSEs to create more job opportunities in urban areas. Read more. Source | Ethiopian Herald
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Enhancing productivity of small scale farming

Published on July 08, 2016
Agriculture is the main stay of Ethiopia's economy in which small scale farming plays a dominant role. It is a means of employment for almost 85 percent of the population, food supply for the domestic market and is also means of foreign currency earning. Hence, to bring transformation on the nation's economy, improving the quality of the small scale farming should be a priority agenda and so far various measures have been taken to improve the productivity of the sector. Recently, while paying a working visit to western Gojam in the vicinity of Bure town, the State Minister of the Ministry of Agriculture and Natural Resource Wondrayed Mandefro said that the small scale farming is the backbone of the economy in improving the productivity of the sector. As a result, the government continues its support for the sector. Currently, there are various inputs that have been employed on the sector and among others utilizing fertilizers, pesticides, herbicides and selected seeds. With regard to the techniques of planting seeds in row, using irrigation and pre and post harvest work can be mentioned. Read more. Source | Ethiopian Herald
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Private equity firm explains why it is backing an Ethiopian dairy processor

Published on July 05, 2016
Earlier this year, the American family-owned private equity firm acquired a 45% stake in Ethiopian dairy company MB, which trades under the brand name Family Milk. At the time the company processed just over 20,000 liters of fresh milk a day but this has since tripled. SGI is investing in the purchase of new machinery; Family Milk is also set to unveil a new product line by next year. “Only about 5% of Ethiopia’s milk is produced and sold commercially. So that means 95% of the milk is being consumed at a farmer level. If you go to a supermarket in Addis Ababa in the late afternoon you will find there is no pasteurised fresh milk, so you are forced to buy imported UHT milk at a cost of US$4 per litre,” says Abebe. “We have always been interested in doing a deal in the dairy industry. The problem for us was finding a company that could take the amount of capital we wanted to invest because there are only few players in the dairy industry and most of them are small.” Read more. Source | How We Made It In Africa
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Seminar highlights optimization in textile processing

Published on June 27, 2016
The Ethiopian Textile Industry Development Institute (ETIDI ) said that lack of input supply, skilled manpower and quality manufacturing processes are the major hurdles that limit sector revenue generation potential. Opening a two-day technical seminar on Process Optimization in Textile Wet Processing Industry yesterday, Institute Director General Sileshi Lemma said that the annual revenue the country earns from the sector has reached over 120 million USD. The government is striving to make the textile sector vibrant and significant contributor to the national economy. “Our polices and strategies underline that the sector including cotton are top priority. The textile sector will play paramount importance in boosting the country's economy." Sileshi further said that Ethiopia is working to be the hub of light manufacturing industry by 2025 and efforts are underway to develop the sector by creating conducive environment for investors. Read more. Source | Ethiopian Herald
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Address bottlenecks stifling flower industry

Published on June 21, 2016
The flower industry supports an estimated two million people through direct and indirect employment and last year earned the country some Sh56 billion in foreign exchange. Investment into the sector is estimated at more than Sh100 billion. The organiser of the expo, Dick Raamsdonk of HPP Netherlands, said Kenya is in a class of its own in the flower business and that the Nairobi version of the international flower shows is headed to becoming the biggest globally. Ethiopia naturally comes to mind when competition is mentioned in this industry considering the neighbouring country’s government has taken a deliberate policy to support its flower growers to develop its industry. While Addis Ababa is supporting its growers, our producers are lamenting lack of adequate state propping as seen in the multiple taxes paid to the national and county governments and delays in VAT refunds. Read more. Source | Daily Nation
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