Doing Business in Ethiopia Addis Ababa. Ethiopian economy

Course summary (Business in Ethiopia)

The Federal Democratic Republic of Ethiopia is advantageously situated in the horn of Africa.

• The Federal Democratic Republic of Ethiopia Is richly gifted with immense human resources, arable land and natural resources (gold, platinum, marble, tantalite, copper, potash, soda-ash, zinc, nickel, iron, and natural gas; much of it yet to be exploited)
• Ethiopia is one of the oldest nations in the world.
• Ethiopia is member of the Common Market for Eastern and Southern Africa (COMESA) and the Intergovernmental Authority on Development (IGAD)
• Under the African Growth and Opportunity Act (AGOA), Ethiopia has preferential access to the United States market.
• Ethiopia is beneficiary of the Generalised System of Preferences (GSP) (European Union) / Cotonou Agreement
• The Federal Democratic Republic of Ethiopia is one of the biggest regional markets in Africa with 80 million people (84% of the population lives in rural areas).
• Ethiopia is a fast growing market with yearly increase in purchasing power of consumers.
• The Ethiopian economy remains strongly dependent on agriculture (50% of the Gross domestic product GDP). Coffee exports accounts for 65% of foreign exchange earnings (processed hides and skins are the 2th).
• African Union (AU) and the United Nations Economic Commission for Africa (ECA) are located in Addis Ababa
• Main economic activities in Addis Ababa: steel products; leather products, textiles, cement, tires, blankets, food and beverages.

Example of the course doing business in Ethiopia:

The Ethiopian Investment Agency (EIA) is the governmental body responsible for promoting Foreign direct investment (FDI) in Ethiopia.

Foreign direct investment (FDI). The Federal Democratic Republic of Ethiopia has untapped resources and a friendly Foreign direct investment (FDI) code. Main opportunities for FDI: cut flower, Garment, meat processing ...

The Ethiopian Telecommunications corporation (ETC) provides world-class telecommunications services including basic telephony, mobile and Internet. Is the sole telecommunication service provider in the Federal Democratic Republic of Ethiopia.

MIDROC Ethiopia is a private Investment Group with 41 companies. The companies are occupied in multifaceted business sectors across the Federal Democratic Republic of Ethiopia. MIDROC Ethiopia Investment Group is a member of the MIDROC Group Companies owned by the important global businessman, Sheikh Mohammed Hussein Ali Al-Amoudi.

Main ethnic groups: Oromo and Amhara. Main religion: Christian (61.7%). Amharic is the official working language.

Borders of Ethiopia: Djibouti, Somalia, Kenya, Eritrea and Sudan.

Institutions and Agreements Ethiopia: African Development Bank New Partnership for Africa's Development (NEPAD)

Forum Africa China Forum Africa India Africa - South America Summit (ASA)