Nowadays, Ethiopia has become a preferred investment destination in Africa. The East Africa nation has a clear vision for development, which builds off of its rapid growth in recent years and its strong track record in attracting foreign direct investment (FDI).
There are a number of reasons to invest in Ethiopia, the investment gateway to Africa.
Rapid economic growth
- One of the fastest growing economies in the world
– 11% average growth over the past decade
Favorable destination for FDI
- One of the top destinations for foreign direct investment (FDI)
– Ethiopia accounts for 18.5% of all jobs created through FDI in Africa
Young and productive population
• Second most populous country in Africa
– >100 million people, growing at 2.3 million annually
• Young and productive age group accounts for 60% of the population
Clear vision for development
• Vision 2025: become leading manufacturing hub in Africa
• Foreign investment is key focus of Prime Minister
• Wide-ranging incentives in priority sectors
Moreover, Ethiopia is building mega infrastructure projects to boost investment, which will capitalize on its existing geographic and market access advantages.
Power
- Electricity rate: 3 cents/kwh
- Massive investment in renewable energy generation
Railway
The Ethio-Djibouti New electric railway that enhances investment as well as import/ export trade to and from Ethiopia.
Air Transport
- Ethiopian Airlines is a world-class airline.
- Africa’s aviation hub: over 100 international passenger, & 30 cargo destinations