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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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 . . .The Ministry of Foreign Affairs of the FDRE is committed to promote sustainable investments in Addis Ababa
Posted on :Friday , 22nd March 2019
The Ministry of Foreign Affairs of the FDRE is committed to promote sustainable investments that contribute to inclusive economic growth, with job creation, knowledge transfer and capacity building. It works in coordination with F.D.R.E. missions and foreign representations in Addis Ababa.
This biweekly bulletin is prepared in view of informing the public and the diplomat. . .
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