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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

Textile sector on the rise

Published on April 11, 2018
Textile and Garment sector is expanding rapidly, with the number of industries more than doubling and playing huge role in boosting the country’s light industry, and in transforming the economy, according to Ministry of Industry.  Talking to The Ethiopian Herald, Zerihun Abebe, Director of Textile and Apparel Research, Monitoring and Support with Ministry of Industry, stated that the country's textile and garment sector is in an upward trajectory with the number of industries has now reached more than 200 in few years time. The trend shows that the sector is in the right journey to become the leading sector in Africa and make the country's vision of becoming continental textile hub in the coming years a reality, he added. Read more. Source | Ethiopian Herald
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East Africa defies odds, tops economic growth in Africa

Published on March 20, 2018
East Africa recorded the continent’s best economic performance in 2017, with a GDP growth of 5.9 per cent — above the continental average of 3.6 per cent. This growth was achieved in a year that saw the region’s economic fortunes dip, as several companies keen to lower costs and post profits turned to staff cuts. Read more. Source | East African
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Agricultural mechanization, Ethiopia’s existing reality

Published on March 07, 2018
Agricultural Mechanization Day had been marked for the first time in Ethiopia,recently. Although there are limitations in the country’s Agricultural Mechanization, one and all have the same opinion on the subject of its significance.  As per Hailu Alemayehu, Executive at the Ethiopian Agricultural Works Corporation, Agricultural mechanization services sector head, mechanization plays paramount roles for the country whose economy depends on agriculture. What is more, transformation from agriculture-driven to industry-driven one l is possible through mechanization. Read more. Source | Ethiopian Herald
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Foreign companies seeing opportunities in Ethiopia's economic dev't

Published on February 28, 2018
Foreign companies said they are attracted to invest in Ethiopia by the rapid progress in the construction sector, population and stability.The companies that hail from 11 countries are in attendance at the 22nd Addis Chamber International Trade Fair (ACITF) launched Thursday at Addis Ababa Exhibition Center. Orange Electric equipment manufacturer of Sri Lanka (OREL) has been in the business for the last 50 years and has the largest market share in Sri lanka as well as good representations in the six continents. Read more. Source | Ethiopian Herald
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Foreign investors create more than 45 thousand jobs: EIC

Published on January 31, 2018
Foreign investors have created more than 45 thousand jobs for Ethiopian citizens during the last two years, says Ethiopian Investment Commission (EIC). EIC Communication Director Mekonenn Hailu told The Ethiopian Herald that attracting foreign investment is one of the best mechanisms to address unemployment in the country, he indicated. He added that the government is exerting various efforts to create employment for skilled and unskilled work force from investment alternatives in the country. Read more. Source | Ethiopian Herald
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Irrigation development foresees over 469 mln. quintals of crop

Published on January 31, 2018
The Ministry of Farming and Natural Resources said over 460 million quintals of crops would be harvested from 3.3 million of hectares through irrigation in this crop season. Ministry Public Relations Department Deputy Head Daniel Dentamo told The Addis Zemen daily that irrigation professionals gave training to farmers on irrigation development, economical water utilization and focus market oriented production. He said all the necessary inputs have also been provided to farmers. More than 496, 000 quintals of fertilizers and a million quintals of select seeds have been distributed to farmers. Read more. Source | Ethiopian Herald
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Addis to host 7th Horti Flora Expo

Published on January 17, 2018
The 7th Horti Flora Expo is to kick off in Addis from 14th to16th of March 2018 at the millennium hall as a biennial trade fair. Briefing journalists, Ethiopian Horticulture Producers Exporters Association (EHPEA) Executive Director Tewoderos Zewdie said that Ethiopia's horticulture and flori-culture industry has developed over the last 15 years. The country has endeavored towards a full grown player and put itself on the world map as one of the leading exporters of cut flowers, he said. Read more. Source | Ethiopian Herald
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Ethiopia to register highest growth in the region

Published on January 17, 2018
Growth in sub-Saharan Africa is expected to accelerate to 3.2 per cent this year from 2.4 per cent in 2017. But the forecast for faster growth will depend on a firming up of commodity prices and reforms. According to the latest Global Economic Prospects (GEP) report released by the World Bank last week, growth in the region is estimated to have rebounded to 2.4 per cent last year, after slowing sharply to 1.3 per cent in 2016. Read more. Source | East African
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