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