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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

Authority works to promote healthy trade system

Published on February 17, 2016
The Federal Trade Competition and Consumer Protection Authority yesterday offered a training aimed at promoting smooth trade competition, protecting consumers right as well as creating awareness on trade merger. In his opening remark, Authority Awareness Promotion and Legal Enforcement Deputy Director Mulugeta Abera said that the free market system creates opportunity to promote smooth trade in the country. The Authority is working to create a competitive trade relationship between traders, protecting the rights of consumers as well as improving a conducive market channel, he added. According to him, the training will open a new way to exclude unwanted illegal intermediaries impact on the legal trading system. Read more. Source | The Ethiopian Herald
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Government grants incentives worth 191b Br

Published on February 17, 2016
Ethiopian Revenues & Customs Authority’s (ERCA) findings show that the government has provided incentives to the tune of 191 billion Br to encourage investments in the past five years. The government offers duty free imports of various goods and five-year tax holidays to investors that are expected to contribute to the economic growth of the country. Sixty billion Birr has been offered in the form of incentives in the 12 months leading up to September 2015, said Moges Balcha, deputy director general of Customs Programme & Development Office at ERCA. He added that the incentives have witnessed growth of 31pc each year. Read more. Source | Addis Fortune
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How the US and China are empowering Ethiopia's private sector

Published on February 17, 2016
Ethiopia's footwear industry has long been known for producing fine-quality leather shoes and products. With reliable power sources, affordable labour and a fast-growing economy with a forecasted GDP growth of over 10%, it is no wonder that international companies and suppliers are flocking to Ethiopia to tap into this market. Through the African Growth and Opportunity Act (AGOA), the US-Africa trade law that provides eligible African countries with duty-free and quota-free access into the US market, leather shoes exported from Ethiopia have simply exploded. Under AGOA, shoe exports jumped from $630,000 to nearly $7m between 2011 and 2012, a more than tenfold increase, according to statistics from USAID. Read more. Source | The Africa Report
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Exploring Untapped Investment Opportunities

Published on February 17, 2016
Recently, over 1,200 business representatives, government officials, entrepreneurs, investors, decision makers and managers from Africa, US, China and Turkey attended the U.S - Africa Business Summit here in Addis Ababa. In this summit, many leaders declared that Africa is rising, and its future is very bright. Opening the Summit, Prime Minister Hailemariam Desalegn explained that Ethiopia's economy has been the fastest growing economies in the world for the last decade. He noted, " We are not frustrated by the head wind which has been expressed as affecting the global economy." Read more. Source | The Ethiopian Herald
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Video: Field Report - Women in agriculture, East Africa

Published on February 16, 2016
The Hub recently had a conversation with Dr. Agnes Apea, founder and CEO of Hope Development Initiative, which works with 10,000 women farmers in Uganda, and Dr. Victoria Kisyombe, founder and CEO of SERO Leasing and Finance (SELFINA) in Tanzania, to learn more about what they are doing to ensure women gain more value from their hard work in agriculture.
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American companies interested in doing business in Ethiopia

Published on February 04, 2016
Some American companies which attended the 2nd US-Africa Business Summit underway here in Addis Ababa have expressed their interest to do business in Ethiopia. In an exclusive interview with ENA, Acrow Bridge Vice President Paul Sullivan said Ethiopia has ample opportunities in the manufacturing sector that his company will exploit. Acrow Bridge has been working in the transportation and construction industries for more than 60 years with a full line modular steel bridging solutions for vehicle, rail, vessel, military, and pedestrian use. It has been building bridges in over 80 countries, ranging from Africa, Asia, the Americas, Europe and the Middle East, it was indicated. “We specialize in prefabricated modular steel bridging solutions for permanent, temporary and emergency use,” the vice president pointed out. Read more. Source | Ethiopian News Agency  
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Forum attracts 180 US companies to Addis

Published on February 04, 2016
The tenth US-Africa Business Summit which aimed to bolster business and investment ties between the United States and Africa kicked of here on Monday. The Summit also meant to establish new partnership between US and African business entities and consolidate existing one. In his opening speech, Prime Minister Hailemariam Dessalgen has called US companies to widely engage in Africa's investment opportunities.  Improved political issue, expansion of infrastructure, fast economic growth of the continent are some of the advantages companies are going to benefit from, if investing in Africa, Hailemariam added. Read more. Source | Ethipian News Agency
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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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