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About Ethiopia

Ethiopia is situated in the north-eastern part of Africa.

  • Official Name: Federal Democratic Republic of Ethiopia
  • Political system: Federal State with a multi-party system
  • Capital City: Addis Ababa, seat of the African Union (AU) and
  • United Nations Economic Commission for Africa (UNECA)
  • Location: Horn of Africa, at the crossroads between Africa, the Middle East and Asia
  • Area: 1.1 million square kilometers
  • Population: 2nd most populous country in Africa with a population size of over 100 million
  • Language: Working Federal language – Amharic,
  • English is widely spoken
  • Exports: Leading exports: coffee, oilseeds, gold, pulses, horticulture, live animals, growing manufacturing export (textile and apparel, leather and leather products etc.)
  • Currency: Ethiopian Birr (ETB)
  • Country Code: +251
  • Time Zone: GMT+3

Climate:

  • Temperate in the highlands: 20°C – 30°C, low in the
  • lowlands: up to 45°C
  • Rainfall ranges from 200 mm to 2000 mm and highly suitable for production.

Ethiopia has become a preferred destination for foreign direct investment and emerging hub for manufacturing in Africa due to its:

Political stability and committed government

  • Stable socio-economic governance with sustained peace and security.
  • High level political commitment for investment promotion and protection; investment policy making is led by the Ethiopian Investment Board chaired by the Prime Minister
  • Ranked 34th /138 economies for impartial public decision making (Global Competitiveness Report, 2016).
  • Wide-ranging incentive packages for priority sectors and export-oriented investments.
  • Bold initiative in the development of state-of-the art industrial parks, electric-powered railway connecting the capital and other economic corridors to the port of Djibouti.

Conducive economic factors

  • An average of about 11% annual GDP growth for the last 14 years, one of the fastest growing economies in the world during the same period (World Bank Global Economic Prospects).
  • Stable and conducive macroeconomic environment.
  • Implementing phase II of its Growth and Transformation Plan (GTP II) which aims to realize a structural transformation of the economy.
  • 46% growth in FDI inflow– one of the most dynamic and largest FDI recipients in Africa (UNCTAD World Investment Report, 2017).Source: https://www.adb.org/countries/azerbaijan/economy

Favorable market factors

  • Africa’s second most populous nation with a population size close to 100 million.
  • 54 million active labor force, trainable and available at competitive wage rate.
  • Duty-free, quota-free access to the USA and EU markets through AGOA and EBA, respectively
  • Duty-free, quota-free access to Japan, Canada, China, Turkey, Australia and New Zealand – covering substantially all export goods from Ethiopia. Preferential market access to India.
  • Member of COMESA with preferential market access to a regional market of 400 million people.
  • Strategic location with proximity to the Middle East, Europe and Asia.

Well-developed infrastructure

  • Newly built Addis-Djibouti electric-powered railway
  • Africa’s world-class and Star Alliance member Ethiopian Airlines flying to about 100 international passenger and 36 dedicated cargo destinations; also flies to over 20 domestic passenger destinations
  • Huge investment potential in renewable energy including hydro, wind and geothermal; Grand Ethiopian Renaissance Dam – the largest hydroelectric power dam in Africa – under construction (close to 60% completed), expected to generate additional 6,000MW electricity.
  • Expanding telecommunication services.
  • Expansive road networks connecting national and regional markets.
  • Two operational and seven upcoming government industrial parks; eight private industrial parks in the pipeline.

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لمشاهدة أفضل، يرجى استخدام الإتجاه العامودي للجوال

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