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Ethiopia

Animated-Flag-Ethiopia.gifThe 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

USAID Hub AGOA video roundoup

Published on October 11, 2018
The USAID Hub creates videos to showcase East African firm capabilities and development outcomes, with a focus on African Growth and Opportunity Act (AGOA) sourcing opportunities. For a roundup of our apparel and coffee sourcing videos, click here.
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Ethiopia approves $86 million to create 161,000 jobs

Published on September 18, 2018
Ethiopia, one of the fastest growing non-oil producing economies in Africa is planning to create employment opportunities to cut the high rate of unemployment. Addis Ababa City Administration plans to create 161,000 jobs for its citizens. Their vision is in line with the 2017/18 financial year plan. The country’s economy is rapidly growing and should be able to execute its goal soon. Read more. Source | The exchange
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Ethiopia sets aside $500 million to boost manufacturing industry

Published on September 12, 2018
Ethiopia’s manufacturing sector will receive a financial boost of $500 million, from the country’s largest commercial bank, Commercial Bank of Ethiopia (CBE). The banking company has increased the budget allocation by $200 million in comparison to the $300 released in March. Key market players have, yet, urged for more finances in the sector should the industry produce to its potential capacity.   The manufacturing sector in Ethiopia has an array of business opportunities which investors have been called to seize. Vietnamese companies have shown interest in supporting the industry which has created thousands of job opportunities. Their influence in the sector will spur trade between Ethiopia and Vietnam as well as increase the country’s productivity. Read more. Source | The Exchange
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Ethiopian food experts sample Chicago’s delicacies

Published on August 08, 2018
The USAID East Africa Trade and Investment Hub based in Kenya has been facilitating companies in East Africa to access markets in the US. This month, the Hub has supported nine firms from Ethiopia and Madagascar at the International Food Technologists (IFT) Expo in Chicago, U.S.A. The expo included food ingredient, equipment, processing, technology and packaging suppliers, bringing together approximately 1,200 exhibitors and 23,000 attendees interested in the science of food. Read more. Source | The Exchange
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Ethiopia plans to boost earnings from manufacturing sector

Published on July 10, 2018
Having made the headlines for all its commendable efforts to be East Africa’s investment hub, there seems to be a leak in one of its sectors. The nation has done well in attracting investors, opening its economy to the public and exposing itself to greater opportunities geared towards making it a success regionally. With the Government reading the country’s budget, a number of changes have been looked into to revive the economic prowess of the State. Read more. Source | The Exchange
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Nation to promote sustainable cotton; Ministry

Published on June 13, 2018
Ministry of Industry (MoI) said that it is putting various activities in to practice in order to meet the 2025 International Buyers Binding Law/ Agreement of responsible cotton production under the compulsory sustainable cotton producing principle. Zerihun Abebe, Director of Textile and Garment Industry Sector Study, Follow up and Support within the Ministry stated that as per to the law, the cotton cultivated within the country should be produced considering the environmental and social aspects that might cause on societies. Read more. Source | Ethiopian Herald
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Ethiopia bossing Eastern African $7.6 billion FDI as Kenya chase

Published on June 12, 2018
Ethiopia has registered a slight dip in the amount of Foreign Direct Investment for 2017, but still was able to absorb half of all $7.6 billion investment for East Africa. According to World Investment Report of the United Nations Conference on Trade (UNCTAD), FDI flows to Africa slumped to $42 billion in 2017, a 21 per cent decline from 2016 with weak oil prices and harmful ongoing macroeconomic effects singled as causes of the lower funding. But on a consoling note, even all of global FDI has slowed in the last year. Read more. Source | The Exchange
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Ethiopia Economic Update

Published on June 06, 2018
The Ethiopia Economic Update is a publication by the World Bank. It discusses Ethiopia’s growth strategy, emphasizing the sustainability of the country’s investment-focused and export-led growth model. The publication also looks at the interlinkages between manufacturing and services, with a special focus on the role of distribution services in promoting Ethiopia’s export competitiveness and eventually its structural transformation.
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