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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

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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The Vault: Connecting East African SMEs to investors at CCA's U.S.-Africa Business Summit

Published on February 04, 2016
The Hub recently participated at the Corporate Council for Africa's 10th biennial U.S. Africa Business Summit. The Hub organized a special session dubbed 'The Vault,' where investors met one-on-one with entrepreneurs seeking investment. The Hub selected and coached five businesses from East Africa on how to pitch to investors. They joined entrepreneurs from across Africa to enter a series of "speed dating sessions" with investors. The five Hub-supported businesses were: 1.) Ms Aprelle Duany, founder of luxury brand AprelleDuany from Kenya, 2.) Mr Marcos Brandalise, managing director of BrazAfric from Kenya, 3.) Ms Agnes Atim Apea, managing director of Hope Development Initiatives from Uganda, 4.) Ms Victoria Kisyombe, founder of SERO Leasing and Finance from Tanzania and 5.) Avi Manes of Nazareth Garment from Ethiopia.
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Ethiopian textile companies connect to international buyers at Heimtextil trade show

Published on January 21, 2016
From January 12 – 15, the Hub participated in the Heimtextil trade show in Frankfurt, Germany. Four Ethiopian textile companies exhibited, Bahir Dar, MNS, Almeda Textiles and Kombolcha.  An Italian buyer has already been in touch with the Hub with a request for samples from the Ethiopian companies.
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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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