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Located in the horn of Africa, Ethiopia is the largest country in the Easter sub-region next to the Republic of Sudan of over 1.14 million square kilometers of land area about 13.2 million hector of 12% is cultivable, 40% is pastureland and this together with seasonal rainfall and abundant water resource has made agriculture the mainstay of the country’s economy. Due to this Ethiopians, engaged on foreign trade, export are mainly dominated by agricultural products such as coffee, oilseeds & pulses, hides and skin and in manufacturing, textile and garments leather and leather products also make sizable contribution to export.
Current data shows that investment is rising and the economy is growing at an unprecedented rate and tangible progress in Ethiopia. Moreover, both local and foreign investors are in venture in business now. The number of tourist arrival is also increasing at significant rate.
Best business in Ethiopia
Maize and Wheat Milling Plant
Maize and Wheat are important crops in Ethiopia. Maize and Wheat processing present huge business opportunities..
Construction and Real Estate
Construction and Real Estate is becoming the best sector for investment in Ethiopia. Posh Apartments, Luxury Condos, houses with one or more stories and Villas are filling the landscape of the outskirts of Addis Ababa.
But still there is an increased demand for short or long term residence, office buildings, properties such as warehouses, etc. Addis Ababa is a city with many diplomatic missions, International and regional organizations such as UN, AU, EGAD, NGO’s and their different offices.
For Ethiopians living abroad, it is time for you to seize the opportunities in Construction and Real Estate sector and build or buy a property. The Ethiopian Diaspora has so far invested more than USD 1 Billion in Ethiopia.
Agriculture and Food Processing
Agriculture is the main stay of Ethiopia’s economy providing employment to 85 per cent of the population. Endowed with wide ranging agro-ecological zones and diversified resources, Ethiopia grows all types of cereals, fiber crops, oil seeds, coffee, tea, flowers, fruits and vegetables. The potentially irrigable land is estimated at 10 million hectares. Ethiopia has the largest livestock population in Africa. Fishery and forestry resources are also significant. Considerable business opportunities exist in the production and processing of the above agricultural crops and resources.
Commercial production and processing of teff, wheat, maize, beans, peas, lentils, soyabeans, sesame, chickpeas, etc.
Coffee is Ethiopia’s gift to the world. The country is Africa’s leading producer of Coffee Arabica. Coffee remains the single most important cash crop. The potential for private production and processing of coffee is significant. Tea is also another potential for production, processing and export. Ethiopia’s tea is of an excellent quality. The favourable agro-climatic conditions in the country offer excellent opportunities for production and processing of tea for both export and domestic consumption.
Ethiopia’s diversified agro-climatic conditions makes it suitable for the production of a broad range of fruits, vegetables and flowers, including citrus, banana, mango, papaya, avocado, guava, grapes, pineapple, passion fruit, apples, potatoes, cabbages cauliflower, okra, egg plant, tomato, celery, cucumber, pepper, onion, asparagus, water melon, sweet melon, carrots, green beans and cut flowers.
Ethiopia is one of the top ranking countries in Africa and among the first ten in the world in terms of livestock resource. The livestock resources of the country include 35 million cattle, 11.4 million sheep and 9.6 million goats. Traditional methods of animal husbandry render current output per unit of domestic breed of livestock too low. Therefore, investment opportunities are potentially attractive for modern commercial livestock breeding, production and processing of meat, milk and eggs.
Investment in the provision of agricultural support services such as pest and disease control, technical consultancy, agricultural machinery, cold storage, transport and marketing services offer considerable scope.
Manufacturing opportunities exist in the textile and garment, food and beverage, leather and electronic, building materials and non-metallic mineral and metallic industrial sub-sectors.
These investment opportunities include:
Food and Beverages: processing and preserving of meat products; integrated production, processing and preserving of fish and fish products; processing and preserving of fruits and vegetables; integrated production and processing of dairy products; manufacture of sugar; brewery, winery, soft drinks, processing and bottling of mineral water, etc.
Tannery, Leather goods and articles :tanning up to finishing; manufacture of luggage items, handbags, saddlery and harness items, foot-wear, garment and integrated tanning and leather goods.
Building materials: manufacture of cement, lime, gypsum, marble, granite, limestone, ceramics, roofing tiles, corrugated sheets, tubes, pipes and fittings.
Electrical and Electronic Articles: manufacture of office, accounting and computing machinery; manufacture of electric motors, generators, transformers, capacitors, resistors, switch gears , electrical fittings and integrated circuit boards; manufacture of radio, television, VCRs, printers, floppy disc drives, communication and other equipment and apparatus for the domestic and export market.
Metallurgy: manufacture of basic iron and steel, operation of blast furnaces, steel converters, rolling and finishing mills. Recycling of metal waste and scrap. Manufacture of basic precious and non-ferrous metal; mechanical working, heat treatment, pleating of ferrous and non-ferrous metals.
Structural Products: manufacture of structural metal products, reservoirs and steam generators.
Machinery and Equipment: assembly and manufacture of agricultural machinery and equipment, industrial, transport and mining machinery and parts, construction machinery, machine tools and accessories, miscellaneous light engineering products, components and parts.