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Why Invest In Ethiopia?

Why

Why Invest In Ethiopia?

Ethiopia has succeeded in becoming one of the world’s fastest growing economies. Over the 2008-18 period, Ethiopia has recorded an average real GDP growth rate of 9.9%. This broad-based high growth rate has been supported by structural reforms that have been introduced through industrial sector development. Prime Minister Abiy Ahmed has announced numerous reform plans, including plans to loosen the state’s dominance in key sectors, in efforts to attract investor interest and boost growth.

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Ethiopia At a Glance

  • Official Name: Federal Democratic Republic of Ethiopia
  • Political system: Federal State with a multi-party system
  • Capital City: Addis Ababa, seat of the African Union (AU) and United Nations Economic Commission for Africa (UNECA)
  • Location: Horn of Africa, at the crossroads between Africa, the Middle East and Asia
  • Area: 1.1 million square kilometres
  • Population: 2nd most populous country in Africa with a population size of over 100 million
  • Language: Working Federal language - Amharic, English is widely spoken
  • Exports: Leading exports: coffee, oilseeds, gold, pulses, horticulture, live animals, growing manufacturing export (textile and apparel, leather and leather products etc)
  • Currency: Ethiopian Birr (ETB)

Why Invest In Ethiopia?

Political stability and committed government

Stable socio-economic governance with sustained peace and security.
High level political commitment for investment promotion and protection; investment policy making is led by the Ethiopian Investment Board chaired by the Prime Minister

Conducive economic factors

An average of about 11% annual GDP growth for the last 14 years, one of the fastest growing economies in the world during the same period (World Bank Global Economic Prospects).
Stable and conducive macroeconomic environment.

Favourable market factors

Africa’s second most populous nation with a population size close to 100 million.
54 million active labour force, trainable and available at competitive wage rate.
Duty-free, quota-free access to the USA and EU markets through AGOA and EBA, respectively

Well developed infrastructure

Newly built Addis-Djibouti electric-powered railway
Africa’s world-class and Star Alliance member Ethiopian Airlines flying to about 100 international passenger and 36 dedicated cargo destinations; also flies to over 20 domestic passenger destinations

Time to Invest in Ethiopia

Investment Opportunities and Priority Areas

There are numerous attractive investment opportunities in
Ethiopia.

Manufacturing

Ethiopia offers a remarkable competitive advantage for manufacturing industries

Textile and Garment

The textile & garment sector in Ethiopia has been growing in the past decade.

Leather and Leather Products Manufacturing

Ethiopia has the largest livestock population in Africa and ranks 6th in the world.

Pharmaceuticals

It is one of the fastest growing industries in Ethiopia with an annual growth rate of 15%.

Agro-Processing

Ethiopia is a continental and global leader in the production of a variety of raw materials needed for processing.

Bamboo for Green Investment

The Government of Ethiopia has accorded a high priority to the bamboo sector.

Invest Ethiopia 2022

Explore the investment and tourism landscape in Ethiopia and see what's happening on the ground.

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