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).
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Ethiopia: Addis-Khartoum Public Bus Service to Start from Sunday
Posted on :Thursday , 9th March 2017
The Ethiopian Transport Authority said cross border bus transport between Addis Ababa and Khartoum will commence on the coming Sunday
Public Transport Efficiency Authentication director with the authority Tesfaye Belachew told EBC that the public transport project between Addis Ababa and Khartoum has taken about eight years.This. . .Ethiopia: Institute Looking to Boost Textile Sector, Increase Exports
Posted on :Thursday , 9th March 2017
Ethiopian Textile Development Institute would intensify efforts in curbing textile sector bottlenecks as textile exports had declined slightly in the first half current fiscal year.
The Institute Communication Director Banteyihun Gessesse told The Ethiopian Herald that country had planned to earn 165 million USD from textile exports last year,but it had secured 75 m. . .Ethiopia: Textiles Making Country FDI Manufacturing Hub
Posted on :Friday , 24th February 2017
Ethiopia has continued becoming investors' choice. It is attracting more Foreign Direct Investment (FDI) from time to time. Particularly, textile and garment manufacturing industries, as the sectors are labour intensive, they create millions of job opportunities,and help transfer technology. They have managed to attract both local and foreign big companies in the budget year. Thus, becoming Afr. . .
East Africa to Benefit from Brexit - UK High Commissioner
Posted on :Friday , 17th February 2017
The United Kingdom has promised to strengthen trade and investment links with the East African Community Partner States for mutual benefit.
UK High Commissioner to Tanzania, Ms Sarah Cooke, said that her country would remain an outward focused trade-based economy with strong partnerships with other countries and regional economic blocs even in the wake of Brexit.Africa's Urban Population to Reach 1 Billion by 2040 - World Bank Report
Posted on :Thursday , 16th February 2017
The World Bank (WB) has reported that Africa's urban population will double over the next 25 years, reaching 1 billion people by year 2040.
The report cites the population of the continent's urban areas as 472 million, and predicts that an additional 187 million people will be added to urban areas by 2025 to reach the predicted figure.Please Select an Option
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