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
- 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.
- 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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