World’s 4 largest GDPs, trillions, US$1. China $41.92. U.S. $37.23. India $22.24. Indonesia $6.3 Africa’s 4 largest GDPs1. #Egypt $3.52. #Nigeria $3.43. #Ethiopia $1.64. #SouthAfrica $1.4 Global GDP: $227.9EMs >DMs Source: Goldman Sachs, by 2050, via Visual Capitalist Africa’s 4 largest GDPs by 2075:Nigeria: $13.1 (2.85X)Egypt: $10.4 (1.97X)Ethiopia: $6.2 (3.42X)South […]
Inside Perspective
19 posts
Addis Ababa, August 20, 2024 (FBC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) announced that it is set to inaugurate a Permanent Export Trade Exhibition Center inside its premises in the coming Sunday. Briefing the media today, Trade and Regional Integration Minister Kassahun Gofe disclosed that the ministry […]
Ethiopia’s agricultural sector is a vital component of its economy, presenting numerous opportunities for growth and development. With agriculture accounting for approximately 40-50% of the country’s GDP and employing over 80% of the population, it serves as the backbone of the Ethiopian economy. However, the sector faces significant challenges that […]
Ethiopia has a complex system of customs taxes and investment incentives designed to stimulate economic growth and attract foreign investment. Understanding these regulations is crucial for businesses and investors looking to operate in the country. Customs Tax Structure Customs Duties: The rate of customs duties in Ethiopia ranges from 0% […]
Based on the search results, here is the latest information on Ethiopia’s finance sector: 1. Ethiopia takes first step towards liberalizing finance sector: According to the Financial Times, Ethiopia has taken the first step towards liberalizing its finance sector. The country is aiming to attract foreign investment and boost economic […]
Addis Ababa, July 20, 2024 (FBC) – The Ethiopian Industrial Parks Development Corporation (IPDC) disclosed that it attracted more than 500 million USD in capital investments during the 2023/24 Ethiopian fiscal year. Similarly, the corporation revealed that more than 237 million USD worth of import substitute products were supplied to […]
Trending Investment Sector in Ethiopia Ethiopia is currently witnessing a surge in investment across various sectors. Here are the key areas experiencing significant investment activity: 1. Manufacturing and Export 2. Agriculture and Food & Beverages 3. Mining and Renewable Energy 4. Financial Liberalization and Stock Market Development 5. Government Support […]
Addis Ababa, July 2, 2024 (FBC) – The Ethiopian Ministry of Trade and Regional Integration (MoTRI) in collaboration with the Policy Studies Institute (PSI) with support from the United Nations Economic Commission for Africa (ECA) organized a National Forum for the development of National African Continental Free Trade Area (AfCFTA) […]
Addis Ababa, June 25, 2024 (FBC) – According to the latest World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD) last week, Ethiopia has emerged as the leading destination for foreign direct investment (FDI) in East Africa. In the vibrant landscape of East Africa, Ethiopia […]
Addis Ababa, June 24, 2024 (FBC) – Ethiopia- China business cooperation promotion conference was held Friday in Addis Ababa with a call to further augment trade and investment ties between the two countries. The conference, which gathered leaders of hundreds of Chinese and Ethiopian enterprises, served as a platform to […]
Foreign Banks Entering Ethiopia’s Banking Sector Ethiopia is in the process of liberalizing its banking sector and allowing foreign banks to operate in the country. This move is aimed at attracting foreign capital, improving competitiveness, and contributing to economic growth Partnership with Local Banks Foreign banks hoping to operate in […]
According to the latest World Bank annual ratings, Ethiopia is ranked 159th among 190 economies in terms of ease of doing business . While the rank has remained unchanged at 159 in both 2018 and 2019, the government of Ethiopia has been undertaking various reforms to improve the ease of […]