Investors are Welcome
The Ethiopian Economy is predominantly agrarian, with agricultural produce contributing 40% of gross domestic product (GDP), 90% of foreign currency earning and 85% employment. Manufacturing, mining, trade, tourism construction, services, etc. make up the remaining 60% of the GDP – industry 14% & service 46%.
According to the World Bank, Ethiopia has been growing at 10.6 percent for the last eight/nine years, which places Ethiopia among the top performing economies in Sub-Saharan Africa despite world economic meltdown and global financial crisis. All sectors contributed to this relatively high economic growth. Accordingly, agriculture, industry and services grew by an annual average of 9, 15 and 12.5 percents, respectively during the indicated period. Ethiopia’s economy is still young with a vast untapped resources and a range of investment opportunities. The areas, with most promising potential for investment in the country, are agriculture, agro-processing, textile and garment, leather and leather products, sugar, cement, chemical and pharmaceutical industry, tourism, mining and hydropower.
With its market oriented economic policy, a liberal investment law, one-stop-shop service delivery by the Ethiopian Investment Agency (the responsible body dealing with foreign investors) and with the number of opportunities stated below, it is the right time to invest in Ethiopia. The Embassy of the Federal Democratic Republic of Ethiopia in Tokyo is always ready to render support for those who have interest to invest in Ethiopia.
Recently hired expert by United Nations Industrial Development Organization (UNIDO), Investment and Technology Promotion Office (ITPO) of Tokyo to support Japanese investors interested to invest in Ethiopia is also committed to offer his utmost support. He can be reached via the following address.
According to the World Bank, Ethiopia has been growing at 10.6 percent for the last eight/nine years, which places Ethiopia among the top performing economies in Sub-Saharan Africa despite world economic meltdown and global financial crisis. All sectors contributed to this relatively high economic growth. Accordingly, agriculture, industry and services grew by an annual average of 9, 15 and 12.5 percents, respectively during the indicated period. Ethiopia’s economy is still young with a vast untapped resources and a range of investment opportunities. The areas, with most promising potential for investment in the country, are agriculture, agro-processing, textile and garment, leather and leather products, sugar, cement, chemical and pharmaceutical industry, tourism, mining and hydropower.
With its market oriented economic policy, a liberal investment law, one-stop-shop service delivery by the Ethiopian Investment Agency (the responsible body dealing with foreign investors) and with the number of opportunities stated below, it is the right time to invest in Ethiopia. The Embassy of the Federal Democratic Republic of Ethiopia in Tokyo is always ready to render support for those who have interest to invest in Ethiopia.
Recently hired expert by United Nations Industrial Development Organization (UNIDO), Investment and Technology Promotion Office (ITPO) of Tokyo to support Japanese investors interested to invest in Ethiopia is also committed to offer his utmost support. He can be reached via the following address.
Tadesse Dadi SEGNI
Advisor in Ethiopia
United Nations Industrial Development Organization (UNIDO)
Investment and Technology Promotion Office (ITPO), Tokyo
UNIDO Regional Office Ethiopia
Old ECA Building
P. O. Box 14771, Addis Ababa, Ethiopia
Tel: +251-11-544-4011
Mobile: +251-91-1247424
Fax: +251-11-551-2733
E-mail: t.segni@unido.org