List of all articles filed under “africa-reports” category.
“When I started Flintstone in 1991, there was a change of government in Ethiopia from a military government and it was a whole different market for construction,” recalls Tsedeke Yihune, owner of Flintstone Engineering.
“Flintstone has been in the business of engineering for construction for the last 22 years,” notes Tsedeke Yihune, owner of Flintstone Engineering. The company has only moved into the real estate sector about 5 years ago.
“In the next twenty years, there is a national goal of getting to be a middle income country. We want MIDROC to play the leading role when we reach that goal,” reveals Jemal Ahmed, Chairman of Horizon Company.
“The Ethiopian economy has started from scratch. Twenty years ago in Ethiopia, private company owners were not allowed to have more than 500,000 Ethiopian birr legally,” explains Jemal Ahmed, Chairman of Horizon Company.
“The pre-feasibility study on a new gold mine at Metekel, which is located 500 km from Addis in the northern part of the country, is completed,” announces Dr Arega Yirdaw, CEO of MIDROC Ethiopia Technology Group.
Today, MIDROC Ethiopia Technology Group has 20 companies and is involved in different sectors including mining, agriculture, real estate, construction, manufacturing, services and education.
“The agribusiness is a top priority for the public sector as well as the leather and textile industries,” said Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce.
Ethiopian government has various packages of incentives for investors who think of Ethiopia as their next investment destination.
Ethiopia Sector Analysis
Ethiopia’s export commodities and export markets: Coffee, gold and fluctuating prices
‘Export is a matter of life and death for us!’—say the government officials in Ethiopia. Ethiopia is exporting more than 1,800 commodities to over 45 countries across the globe. Led by coffee—the country’s flagship export item that accounts for about 65% of the total export—, a number of agricultural products (e.g. oil seeds) and gold have also been in the forefront of export for years.
Ethiopia Top Stories
Robust economic growth of Ethiopia during the last decade contributed to poverty alleviation in the country
While the economy of sub-Saharan Africa grew on average by 4.9%, Ethiopian economy registered a robust growth of 7.5% in the 2012/13 fiscal year according to the latest African economic outlook. Since the 2004/2005 fiscal year Ethiopian GDP had been steadily growing by an average of 10.6% each year according to the World Bank data. This in turn pushed the country to rank among the top fastest growing economies across the globe; led by the expansion of services followed by agriculture and manufacturing.
