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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: Ministry Set to Tackle Foreign Trade Bottlenecks

Published on March 17, 2016
The Ministry of Trade said that it has planned to realize nation's foreign trade transformation and generate over 14 billion USD by the end of GTP-II.Opening a half-day meeting organized by Fana Broadcasting Corporate to discuss GTP-I foreign trade achievements and challenges with stakeholders yesterday, State Minister Ayana Zewdie said that currently the Ministry is working actively to identify success stories and challenges observed in the country's foreign trade activities in the plan period. SOURCE: All Africa. Read more...
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East Africa #YouthInAg - opportunities and challenges

Published on March 17, 2016
"The  formal  sectors  of  employment, where most graduates seek employment, cannot absorb the large number of graduates, estimated to  be  between 10 to 12 million young persons per year, resulting in a large number of educated yet unemployed youth" - AfDB report. Agriculture and agribusiness present viable opportunities for youth to create jobs and wealth for themselves, yet the sector also presents challenges. The Hub sat down with a few of the participants at the Hub-supported Young Innovators in Agribusiness Competition to discuss.
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$8Million border post set to boost Kenya-Ethiopia trade

Published on February 18, 2016
Construction of the Sh843 million Moyale one-stop border post will be complete by May this year. The project is expected to immensely enhance trade between Kenya and Ethiopia. The border post funded by the African Development Bank (AfDB) is a trade facilitation project under the Mombasa-Nairobi-Addis Ababa Road Corridor project. Kenya and Ethiopia signed a bilateral agreement in 2011 to develop the joint corridor and road to enhance cross-border trade. Principal Secretary for Infrastructure John Mosonik last week told Smart Company that the construction began in February last year adding that, “approximately 65 per cent of the works have been done and the works are expected to be complete by May 2016.” Read more. Source | Geeska Africa Online
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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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