Economy


Ethiopia has a fertile land where coffee (coffee beans), oil seeds and spices are harvested. Coffee is considered the first natural resource and it occupies 60% of the volume of exports and 85% of the population works in agriculture. Ethiopia imports petroleum and its derivatives, foodstuffs, medical, electrical and plastic implements, heavy equipment, agricultural equipment, edible oil, sugar, wheat, and building materials. There is also a tremendous wealth in mining like gold.

Ethiopia has embraced the economic development strategy which is specific to the Ethiopian market, and has undertaken extensive reform in order to persuade local and foreign investors to invest their money in the country, in light of encouraging the private sector to invest in all economic fields. And it requires the foreign investor in case he wants to set up commercial projects in the permitted areas (except for consulting services and publishing fields) in the host country (Ethiopia) an amount not less than 100 thousand US dollars in cash as a beginning to launch his projects. There are areas of investment limited to local investors such as: brokerage, publishing and printing, and business such as retail and wholesale, import and export, construction and construction, transportation services, tourism agencies and some other services. Among the most prominent guarantees provided to foreign investors by the government are the return of capital and revenues from joint commercial projects, the provision of benefits and profits from the investment business, and the payment of compensation to foreign investors and others.

For more information about investment in Ethiopia, please visit the Ethiopian Investment Authority website  http://www.investethiopia.gov.et/