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Government officials claim an average GDP growth of 10 to 11 percent over the past 7 years. Supporters and critics alike question these figures. International experts, including the International Monetary Fund IMFsuggest that actual growth numbers average 5 to 7 percent.
Regardless of which figures are right — both are respectable — the buzz in the street is justified. Flickr All the excitement can overwhelm and confuse the first time visitor.
Here are my recommendations from number 5 to number 1 in order of potential return. The recent introduction of mobile banking and related services is surely a step in the right direction. Experts estimate that mobile phone penetration in Ethiopia hovers between 10 and 15 percent.
Internet penetration is below 1 percent largely due to poor infrastructure and very high prices. The Ethiopian population will surely surpass 90 million by end of Just wait and see. The Ethiopian government rightfully makes the delivery of infrastructural services, such as transport and energy, a focus of its development plan.
Heavy construction sectors, including cement and steel, are the ancillary beneficiaries of this infrastructure build. As you drive out of Addis, you pass newly built affordable government housing or private housing developments; both promptly filling up after the final touches are added.
Pass through Bole and expect to encounter changing roadways, as one road finishes construction and another undergoes it.
It is not just the government.
All the buildings under construction in Addis are also a clear indication that those with money are investing in property. Importing certain materials has confounded the industry, but the Ethiopian government expedites access to foreign currency for those exporting in these industries.
Energy costs are also one of the lowest on the continent. With the new hydro dams coming online over the next few years, the Ethiopian government will ensure cheap energy for its people and make Ethiopia a potential energy exporter for the region.
Interested in more opportunities for investment in Ethiopia?Ethiopia has an annual average Gross Domestic Product (GDP) growth rate of between 7% and 8% for the past benjaminpohle.com UK businesses operate in Ethiopia, including well-known companies such as.
Starting A Business Ethiopia is ranked nd out of countries on doing business index in Small and Medium businesses are springing up everywhere in Addis Ababa, the capital and financial city of Ethiopia and in other regions as well. The report, “SME Finance in Ethiopia: Addressing the Missing Middle Challenge,” reveals that without adequate support from financial institutions, small and medium businesses are not able to grow, or create more job opportunities.
Ethiopia’s infrastructure spending, as a percentage of GDP, is the highest in Africa. The Ethiopian government rightfully makes the delivery of infrastructural services, such as transport and energy, a focus of its development plan.
Small business in Ethiopia. List of Best Small business Companies in Ethiopia with Addresses, Phone numbers, Reviews, Ratings, Photos and More on Ethiopia Business Directory.
Apr 24, · In Ethiopia, per capita consumption of paper is estimated to be between kg to kg per year, while in advanced countries the consumption level is move than kgs per year. Even the low level of paper consumption in Ethiopia is not fully met by domestic production.