Why Ethiopia?

One of the world’s fastest growing economy

With a projected 8.5 per cent growth rate (IMF), Ethiopia is expected to be Africa’s fastest growing economy in 2019.
1st
The highest growth rate in Africa
Source : IMF (2019)

An attractive textile industry

According to the 2017 UNCTAD Report, Ethiopia is the second world largest recipient of foreign direct investment in apparel and textile industry (2016 figures). Now, Ethiopia is seen as ``the China of Africa`` (Bloomberg).
2nd
World largest recipient of FDI in apparel and textile industry
Source : UNCTAD

A manufacturing hub

The vision of the Government of Ethiopia is to become a leading manufacturing hub in Africa by 2025.

Share of manufacturing FDI (inflows)

Source: NBE and EIC

The world’s best destination for tourists

Awarded as the "World's best destination for tourists" by the European Council on Tourism and Trade (2015), Ethiopia is "Africa's next big tourist draw" (CNN, 2017). Home to nine UNESCO World Heritage Sites, the country has a myriad of cultural, historical and natural attractions.

Number of international tourists (IN THOUSANDS)

Source: World Bank

The economic giant of East Africa

With the aim of becoming a middle income country by 2025, the Government of Ethiopia has been designing policies to speed-up economic growth.
1st
1st East African country in terms of Gross Domestic Product
Source : IMF (2017)

An infrastructure boom

Ethiopia’s public infrastructure spending, as a percentage of GDP, is the highest in Africa. The vibrant capital city, Addis Ababa, is commonly viewed as a ``booming city``.
1st
1st African country in terms of infrastructure spending (% of GDP)
Source : africa.com

A rich labour-endowed country

Ethiopia is the second most populous country in Africa (105 million according to the World Bank). With a median age of under 20, the country is also one of the youngest in the World.
2nd
The second-largest population in Africa
Source : World Bank (2017)

Agriculture productivity is continuously increasing

The agro-processing sector is the main sector in terms of value-added production (46% of the GDP) and employment (80% of the population).

Evolution of cereal yield per hectare

Source: World Bank

Target sectors

News

Nobel Peace Prize 2019 awarded to Ethiopia Prime Minister Abiy Ahmed Ali

The Nobel Peace Prize for 2019 was awarded to Prime Minister Abiy Ahmed Ali of Ethiopia for his …

Chinese-built industrial parks drive Ethiopia’s ambition in manufacturing sector

“The East African country, which is presently constructing or has commissioned around 12 industrial parks across the country,…

Chinese city to invest $500m in Ethiopian town’s industrial park

Investors from the Chinese city of Kunshan are planning to invest $500m in a textile production complex in…

Events

WEDEF 2019

Social Enteprise World Forum 2019

China-Africa Economic & Trade Expo