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Course contents (Business in Africa -
East Africa -
COMESA)
- Introduction to Ethiopia.
- Ethiopian economy. Foreign trade.
- Doing business in Addis Ababa.
- Business opportunities: Coffee, Cotton, Textile, Leather, horticulture, mining, tourism ...
- Investing in Ethiopia. Foreign direct investment (FDI).
- Case study: Ethiopian Telecommunications Corp, ZTE (China), MIDROC.
- Ethiopia's international relations.
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Summary
Doing Business in Ethiopia. Coffee, Cotton, Textile, Leather, horticulture, mining, tourism. Telecommunications. Exports and Foreign direct investment (FDI)
DOING BUSINESS IN ETHIOPIA: The Rise of an African Tiger Economy
Ethiopia is strategically located in the horn of Africa, at crossroads between
Africa, the Middle East, and Asia. Is richly endowed with huge manpower, arable
land and natural resources. However, much of its potential is not yet exploited.
The size of a country's population matters a lot to most investors. Ethiopia is potentially one of the largest domestic markets in Africa with more than 80
million consumers, with an annual growth rate of 2.73%; about 64,438,000 or 84% of the population lives in rural areas. This can, therefore, be one of the
additional reasons to consider Ethiopia as an ideal destination for investment. Apart from the total size of the market, it is a fast growing market
with yearly increase in purchasing power of consumers, albeit at a low level currently.
The mineral resources' potential is also high, much of it yet to be exploited. A few of them are gold, platinum, marble, tantalite, copper, potash, soda-ash,
zinc, nickel, iron, and natural gas.
The Ethiopian economy remains heavily dependent on agriculture, which accounts for about 50 percent of the GDP. An estimated 85% of the population gains its
livelihood directly or indirectly from agricultural production. Coffee exports accounts for more than 65 percent of foreign exchange earnings,
while processed and semi-processed hides and skins are the second important foreign exchange earners.
Total exports in 2008 benefited significantly from higher sales and world prices particularly for coffee, and from increased earnings from other commodities such
as oilseeds, pulses, flowers and gold.
Sample:
Ethiopia
Scholarships
Based on the new economic policy, the government formulated a long-term economic development strategy-Agriculture -Led -Industrialization (ADLI) which is geared
towards the transformation of the backward economic structure.
Ethiopia enjoys access to regional markets by way of its membership to regional
cooperation frameworks. It is a member of the Common Market for Eastern and
Southern Africa (COMESA). Is member of NEPAD. Under the
African Growth and Opportunity Act (AGOA), a variety of Ethiopia's
manufactured export products are entitled to duty-free and quota-free access to US market.
Beneficiary of the Cotonou Agreement (European Union). Moreover, Ethiopia also enjoys a privilege of duty-free and quota-free treatment
for its wide range of manufactured goods in the USA, Canada, Australia, Finland, Japan, Norway, Sweden, Switzerland,
China, and most European countries under the Generalized System of Preference (GSP).
Addis Ababa, the largest city in Ethiopia, is the seat of the African Union
(AU), the United Nations Economic Commission for Africa (ECA) and more than 90
embassies and consulates. Manufacturing plants for steel products; leather and leather products, textiles and garments, cement, tires, blankets, and food and
beverages factories and plants are among the industrial establishments located in and around Addis Ababa.
The Ethiopian Investment Agency (EIA) is the principal government organ responsible for promoting, coordinating and facilitating foreign investment in
Ethiopia.
Foreign direct investment (FDI). The country has untapped resources along with favorable investment code. As a
result, a foreign direct investment is on the increase in the areas such as cut flower, Garment, meat processing, etc. from time to time. Foreign investors from
different part of the world including Europe, the Middle East, North America, Asia and Africa are investing their capital in the country.
The Ethiopian Telecommunications Corporation (ETC) provides world-class telecommunications services including basic telephony, mobile and Internet and
Multimedia services. Provide training, education and research in the field of ICT. ) Is the sole telecommunication service provider in Ethiopia.
ZTE in Ethiopia. As one of the first Chinese telecoms equipment provider to pursue business in overseas markets, ZTE now has about 62,000 employees and
10,000 of them are working in about 107 representative offices around the world.
MIDROC Ethiopia is a private Investment Group with 41 companies. The companies are engaged in multifaceted business sectors across the country. MIDROC Ethiopia
Investment Group is a member of the MIDROC Group Companies owned by the prominent global businessman, Sheikh Mohammed Hussein Ali Al-Amoudi.
The Oromo and the Amhara are the dominant ethnic groups. Ethiopian's are predominantly Christian (61.7%). Amharic is the official working language.
Is one of the oldest nations in the world..
Available Language : 
Master
Executive Business with Africa -
Master East and Southern
Africa - Master in Business with Muslims countries
Borders of Ethiopia: Djibouti, Somalia,
Kenya, Eritrea and
Sudan.
(Fr: Ethiopie Affaires)
Business, Ethiopia, Addis Ababa, Foreign Trade, Ethiopian, economy, Coffee, Cotton, Textile, Leather, horticulture, mining, tourism, Telecommunications, exports, Foreign, direct, investment, FDI, Master, International Business
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