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).

  • A Significant Boost To The EU's Cooperation With Ethiopia

    Posted on :Thursday , 12th December 2019

    The new President of the European Commission, Ursula von der Leyen, on the occasion of her first official visit outside Europe, declared in Addis Ababa a remarkable boost to the EU'' collaboration with Ethiopia.

    The statement comes as President von der Leyen and Commissioner for International Partnerships Jutta Urpilainen met with Ethiopian Prime Minister Abiy Ahmed in Addis Ababa.

    . . .

  • EAC To Promote The Textiles And Apparels Sector In East Africa

    Posted on :Thursday , 12th December 2019

    The 39th Council which was chaired by Rwanda’s Minister of State for Foreign Affairs, Regional Cooperation and East African Community Affairs, Amb. Olivier Nduhungirehe, was attended by line Ministers from all the EAC Partner States and EAC Executives.

     

    EAC Council of Ministers has approved the Final Draft Cotton, Textiles and Apparels (CTA) Strategy and its. . .

  • Economic Zones Development In Africa

    Posted on :Tuesday , 19th November 2019

    The 4th annual meeting of Africa free zones opens in Addis Ababa, Ethiopia under the theme “Economic Zones – Accelerator for Industrialization in Africa”.

     

    The attendees include over 220 delegates representing 43 countries attended this important event, including 60 African economic zones, 30 experts, as well as several repre. . .

  • Ethiopia - Africa's Fastest Growing Economy

    Posted on :Monday , 18th November 2019

    With a population of over 100 million and an annual economic growth rate of 10% over the past 15 years, it presents a unique opportunity.  

    Ethiopia is one of the world's largest untapped markets, and there is an increasing belief that privatisation of state-owned enterprises could be one of the ways to attract potential investments and spur the economy.

     

    Ethiopia i. . .

  • Ethiopia Has Earned $ 723 Million In Export Revenue

    Posted on :Monday , 4th November 2019

    According to a report released by the Ministry, the amount of revenue earned during the reported period of time exceeds that of the same period last year by $ 95.1 million.

     

    The report stated that reform activities initiated in order to achieve the fiscal year plan and further to improve the outsourcing would further improve the export revenue by working in coordination with m. . .

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