Market News | Ethiopia International Trade Exhibition (EITE) 2020

Market News

Ethiopia and Africa market

In 2016 Ethiopia imported $17.9B, making it the 75th largest importer in the world. During the last five years the imports of Ethiopia have increased at an annualized rate of 14.7%, from $8.83B in 2011 to $17.9B in 2016.

The top import origins of Ethiopia are China ($5.46B), the United States ($1.54B), India ($1.3B), Kuwait ($1B) and Italy ($700M).

  • Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

    Posted on :Monday , 21st October 2019

    Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize.

    Prime Minister Abiy Ahmed is responsible for initiating important reforms in E. . .

  • Economic 'game changer'? African leaders launch free-trade zone

    Posted on :Friday , 13th September 2019

    NIAMEY (Reuters) - African leaders launched a continental free-trade zone on Sunday that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.
     
    After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday’s African Union summit in Ni. . .

  • Prime Minister Shinzo Abe Renewed Japan's Pledge To Boost Investment In Africa

    Posted on :Friday , 6th September 2019

    Abe pledges to boost investment in Africa from the country's private sector to more than $20 billion over the next three years, in the hope of facilitating the giant continent's development.

     
    Abe's pledge meant that the government would encourage greater investment from the private sector with the aim of surpassing the previous three-year total, although he did come . . .

  • Kenya and Tanzania are pushing to resolve their long-standing trade disputes

    Posted on :Tuesday , 11th June 2019

    Trade officials from the two countries held bilateral meetings in Arusha, in April, to try and determine and solve the many disputable trade issues, including rules of origin for some products and constant suspicion over the quality of products traded all over the borders.

     
    People familiar with the negotiations told The East African that the first bilateral meeting w. . .

  • East Africa portrays solid monetary development says AfDB report

    Posted on :Monday , 8th April 2019

    Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive, a report  by African Development Bank has observed.

    Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent, says . . .

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