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 - 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. . .
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 . . .Please Select an Option
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