|
An overview of investment opportunity in Ethiopia
Facts about Ethiopia
• Official name: Federal Democratic Republic of Ethiopia
• Surface area: 1.14 million sq. km
• Arable land: 45%
• Irrigated land: 3%
• Location : it is located in the horn of Africa and shares boarder with Eritrea, Djibouti, Somalia, Kenya and the Sudan
• Population: about 77 million (2005)
• Annual growth rate: 2.7%
• Currency: Birr
• Working language: Amharic; English is also widely used in business, in high school, colleges and universities
• Time zone: GMT+3
• Principal religions: Christianity and Islam
• Climate: temperate in the highland; hot in the lowland. Temperature ranges from 20 0 c to 30 0 c. Rainfall ranges from 200mm to 2000mm per year.
Major cities/towns and their population:
Addis Ababa- 3 million
Dire Dawa- 237,000
Adama- 189,000
Gonder- 163,000
Dessie- 142,000
Mekele- 141,000
Bahir Dar- 140,000
Jimma- 132,000
Awasa- 104,000
Reasons to invest in Ethiopia
• Stable political climate;
• Conducive macro economic policy;
• Excellent climate and fertile soils;
• Abundant and trainable labour force;
• Strategic location;
• Low level of corruption and crime;
• Ample opportunities in privatization program;
• Attractive incentive packages;
• Labor law international standard;
• Market:
• Population of about 77 million
• COMESA (common market for eastern and southern Africa)
• AGOA of united states (Africa Growth and Opportunity Act)
• EBA of Europe (Every thing but Arms Agreement)
• Trade and economic indicators
• Composition of GDP (2007/ 08)
• Agriculture and allied activities.......44.1%
• Industry..................................... 13.0%
• Services.................................. 42.9%
• Major export items (2003/04).
• Coffee...................37%
• Chat......................15%
• Oil seeds................14%
• Gold.........................8%
• Hides and skins........7%
• Pulses......................4%
• Others....................15%
Next
|
