President of the Federal Democratic Republic of Ethiopia Dr. Mulatu Teshome said Ethiopia has become the largest recipient of Foreign Direct Investment (FDI) in Africa.
The seventh International Conference on Pulses, Oilseeds and Spices was launched here yesterday with the theme ‘Africa the future pulse and oil seeds supply’. Speaking on the occasion, President Mulatu indicated that most recent The United Nation Conference on Trade and Development (UNCTAD) report showed that FDI flow to Ethiopia increased by 46 percent this year to reach 3.2 billion USD despite the decline in interest throughout the rest of Africa. Read more. Source | Ethiopian Herald
Ethiopia has come up with new export reform to boost foreign exchange earnings from primary export commodities. The reform is set to introduce value addition and new marketing system, improve productivity and reduce transaction cost.
The country has been and still is highly dependent on primary agricultural exports for foreign exchange earnings. Despite having huge potential, absence of value addition and modern marketing system in coffee exports, among others, has forced the nation to lose large amount of foreign currency. Read more. Source | Ethioipan Herald
Professor Tasew Woldehana has been teaching Economics in Addis Ababa University for the last 17 years. He earned his PhD from the Netherlands Wageningen University. Professor Tasew has been engaged in extensive research undertaking related to poverty since 1992 EC. More importantly, he has been involved since 1992 EC in the second poverty analysis surveys conducted in five years interval. Recently, the fifth survey has been released. Read more. Source | Ethiopian Herald
Ethiopia is the second most cotton producing nations in Africa in terms of more factory consumption. Since the last couple of years, Ethiopia has become an attractive and highly potential destination for cotton and textile investors.
In fact, the textile and garment manufacturing sector is one of the key industrial sectors, which is prioritized by the government and expected to contribute to the actualization of country's GTP II goals. In GTP II, the country has planned to increase cotton output from the land productivity level of 15 quintals/ha in 2015 to 28 quintals/ha in 2020. In the long-term, Ethiopia has set out to become self sufficient in lint cotton supply. Read more. Source | Ethiopian Herald
The government of Ethiopia is unwavering in its commitment to making the country the leading manufacturing hub in Africa by 2025. Development of world class, specialized, vertically integrated, export driven and competitive industrial parks is the central driver and catalyst of the Vision.
Hawassa Industrial Park (HIP) embodies the full execution of these principles, and hence represents a blueprint that guides the development of similar parks in other parts of the country.Besides the economic advantage, the government needs industrial parks like HIP to reduce unemployment rate. For instance, in the HIP alone, nearly 10,000 employees are currently working in various fields, of which the majority are young women. Read more. Source | Ethiopian Herald
As to the second Growth and Transformation Plan (GTP) , the textile and garment sector is expected to generate 779 million USD at the end of the plan time.
The performance of the sector is improving. For instance, the sector had generated over 89.3 million USD in 2009 EC. Though last year performance surpassed the previous year by 11.3 million USD, it is lower than the budget year target.
The reasons behind for the low performance is attributed to unable to satisfy the international market, the managerial and technical capacity limitations of potential industries, and delay in investment projects as well as related reasons. Read more. Source | Ethiopian Herald
Africa’s leading and most high end exhibition and conference on cotton, textile, apparel, technology and footwear industry, wholesale, retail, boutique stores and the hospitality industry will be undertaken in Addis Ababa from October 3-6, 2017.
The event organized by Africa Sourcing and Fashion Week (ASFW) and Messe Frankfurt Exhibition will attract companies which represent 25 countries and about 3,500 high end trade buyers from around the world, indicates Eskindir Negasi, Messe Frankfurt Exhibition representative. Read more. Source | Ethiopian Herald
Africa's main trade show for cotton, textile, apparel, home and technology industries kicked off in Ethiopia's capital Addis Ababa on Tuesday.
The African Sourcing and Fashion Week, which will last toward Friday, has gathered some 230 international producers and exporters from 25 countries, the organizers Trade and Fairs East Africa and Messe Frankfurt indicated Tuesday.
Among the variety of products showcased at the trade show include apparel fabrics, leather goods, fashion and fashionable accessories. Home and household textile providers are also among exhibitors as part of the event. Read more. Source | Xinhua News
The nation is supposed to formulate a Quality Policy to improve its export trade said Yibeltal Assefa, Director of Trade Information Management Center at the Ministry of Trade.
Despite the fact that Ethiopia has three governmental institutions that tests, certifies, and accredits industrial products and services, the nation has been leading its export market without having quality policy framework so far,he said approached by The Ethiopian Herald. Read more. Source | Ethiopian Herald
The 10th Session of the Committee on Regional Cooperation and Integration (CRCI10) will be held in Addis Ababa from October 31 to November 2, 2017 under the theme ‘Implementation of the Continental Free Trade Area and Shared Gains’.
The meeting will be held back-to-back with Expert Group Meetings that will review and discuss a number of crucial publications on various themes, including policy options for boosting intra-African investment through regional harmonization of investment policies and treaties; how the promotion of Africa’s industrialization can be strengthened through infrastructure development and smart industrialization through trade in the context of Africa’s transformation. Read more. Source | New Business Ethiopia