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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

Ethiopia wins big as cement, flower, shoe firms set up shop

Published on September 21, 2016
Ethiopia is using a range of incentives to woo investors to the country. Already, US private equity groups KKR and Blackstone have announced their interest in the country’s infrastructure and floriculture sectors. Dangote Cement has set up shop in the country too and one of India’s largest paint-makers, Asian Paints, has entered the market through the acquisition of a local manufacturer last year. Unilever is building a factory there too, while Chinese shoemaker Huajian Group set up shop in the country four years ago. Read more. Source | East African 
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Ethiopia is now the largest coffee market in Africa

Published on September 16, 2016
According to a report by Euromonitor, Ethiopia is now one of the largest coffee markets in Africa with a rough estimate of 127,000 tonnes sold in 2015, which is a quarter of the total volume of coffee sold in the Middle East and Africa. The figure is comparable to those of much wealthier countries like South Korea and Russia. “Africa is the next frontier” for coffee, says Robério Oliveira Silva, Executive Director of the International Coffee Organization. Historically, the beans have been a cash crop in Africa but the consumption across the continent has remained low. In countries such as Kenya and Uganda where it is grown, the consumption has remained low due to the preference for tea which, they say, has traditionally been much cheaper. Even though Ethiopia is the poorest of the world’s major coffee-consuming nations, with GDP per capital of just US$599 in 2015, Ethiopians still drink around 200 cups a year. No other country in that income group drinks as much as that. Read more. Source | Ventures
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Ethiopia—an agrarian economy in transition

Published on August 31, 2016
Ethiopia has experienced rapid economic growth since 2005, with gross domestic product (GDP) growing at an average rate of 10.5 per cent per annum in real terms for the period between 2004–05 and 2012–13 (Ministry of Finance and Economic Development, MoFED 2013). This makes Ethiopia one of the fastest growing countries in the world. The rapid economic growth has a multifaceted effect on a number of social, economic, and political domains. Considering 2015 is the year the first Growth and Transformation Plan (GTP)—the country’s comprehensive five-year development plan with targets aligned to the aim of achieving middle-income status by the mid-2020s—ends, it is a good time to explore the pattern of economic growth in Ethiopia and the relevant growth opportunities and challenges. Read more. Source | Brookings
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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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