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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

Ethiopia privatization plan gets underway

Published on February 13, 2019
The Ethiopian government has picked telecommunications firm Ethio Telecom as the first of four major state corporations to be sold to private investors, in a liberalization programme meant to boost economic growth. Ethiopia, with a population of over 100 million people, has been Africa’s fastest growing economy for years, but the country is now reaching the limits of its state-led growth, prompting the government to open up its economy. Read more. Source | East African
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Ethiopia approves AfCFTA as AU eyes Feb. 2019 implementation date

Published on February 05, 2019
Ethiopia is the latest country to approve the African Union’s Africa Continental Free Trade Area, AfCFTA pact after the cabinet passed the deal on Saturday, the Prime Minister’s office confirmed. The PM’s office said: “The decision is consistent with PM Abiy’s vision of creating a closer & full regional integration — where minds are open to ideas & markets are open to trade. Ethiopia’s decision & track record of advocating Pan African causes will bring to reality an integrated Africa.” Read more. Source | New Times
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Industrial parks in Ethiopia to generate $30 billion by 2025

Published on January 16, 2019
Six textile and garment oriented industrial parks that Ethiopia is currently busy setting up, are expected to generate $30 billion worth of exports by 2025. The country continues its rigorous quest to build industrial parks, which is part of the initiative to make the East African nation a manufacturing hub of Africa, and a middle-income country. Read more. Source | The Exchange
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Ethiopia’s export to US increase by 62 per cent

Published on January 16, 2019
Ethiopia has kicked off the New Year with promising trade reports, recording a 62 per cent increase in its exports to the US. The country majorly exports textiles and garment products to the US and has invested a significant amount of money in infrastructure development such as industrial parks to boost the manufacturing industry. Read more. Source | The Exchange
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Ethiopia Should Exempt Farm Equipment from Tax to Modernize Sector: Say expert

Published on December 19, 2018
The government of Ethiopia should introduce tax exemption mechanisms for importing farm equipment and agricultural inputs in order to modernize the sector, agricultural expert says. Dr. Melese Temesgen, a researcher said at a public lecture organized in Addis Ababa that tax free imports should be promoted in order to introduce modern ways into the sector. Noting that the equipment are not currently affordable for farmers, Dr Melese said it is crucial for the government to exempt the equipment from tax so as to encourage farmers use modern equipment. Read more. Source | Ethiopia News Agency
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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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