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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 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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Tanzania, Ethiopia in top 10 index

Published on September 21, 2015
East Africa can become a global and intra-regional trade hub but only if it dismantles all trade barriers in the region, according to researchers at the UK-based Barclays Bank plc. The researchers note that improving Customs  clearance procedures, facilitating greater cross-border co-operation, eliminating both tariff and non-tariff barriers  and increasing  investment in infrastructure such as roads, railway, ports, airports and energy  could transform the prospects for the region’s trade. “East Africa benefits most from relatively strong border administration and a fast-growing regional market,” they say. In their  Barclays Africa Trade Index (2015) report, the researchers  say many countries in Africa  have taken some positive steps  to boost  trade  by harmonising regulations along transport corridors, reducing stay times at the ports and delays associated with Customs control points and coordinating Customs processes across regional economic communities. Read more. Source | The East African
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U.S. businesses visit Ethiopia as part of largest-ever U.S.-led trade mission to Africa

Published on September 17, 2015
The U.S. Embassy to Addis Abeba, through its Foreign Commercial Service office, welcomed Ten U.S. Companies to Ethiopia this week as part of the largest U.S. government-led trade mission to Africa in history. The companies went through a day of meetings with Ethiopian government officials and area businesses, in an effort to facilitate new U.S.-Africa business deals. The Ethiopia visit was part of the U.S. Department of Commerce’s Trade Winds – Africa trade mission, which is ultimately bringing more than 100 U.S. companies to eight Sub-Saharan African markets. Read more. Source| Addis Standard
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Ethiopia set to be the fastest growing country in the world

Published on September 17, 2015
Ethiopia is head and shoulders above the rest of Africa in meeting the Millennium Development Goals (MDG). The Gates Foundation has released a report compiled by the Overseas Development Institute, titled: “One foot on the ground, one foot in the air” tracking Ethiopia’s development despite having the lowest human development in the 1990s. In the wake of massive agricultural investment, a sector which employs three in four Ethiopians and a government committed to pro-poor spending, the East African country is expected to halve its poverty. According to the report, the agricultural sector has cut poverty by seven per cent between 2005 and 2011. With Ethiopia’s development finding its roots in an agriculturally-led environment, it has included, “Maintaining teams of agronomists across vast rural areas to boost productivity by recommending best agricultural practices and scientific innovation. Read more. Source |CNBC Africa
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