About Ethiopia

About Ethiopia

Ethiopia’s location in the Horn of Africa, with proximity to the Middle East, Europe, and Asia, puts the country in a strategic position for international trade and gives it considerable geopolitical importance. It is the second most populous country in Africa with over 100 million people and the tenth biggest with an area of 1,104,300 km2.

Much of the country is gifted with moderate temperatures and a pleasant climate. Nevertheless, it is ecologically diverse, ranging from the arid and semi-arid climates in the east to the tropical forests in the south, to extensive mountainous areas in the northern and southwestern parts. This results in great diversity of terrain, climate, soil, flora, and fauna. Annual rainfall is moderate, and, in most parts of the country, occurs in two distinct seasons: the short rains in March and the long rains from June to September.

Since 2004, Ethiopia has registered impressive economic growth through a combination of agriculture-led industrialization, significant government investment in core economic sectors, and the successive Growth and Transformation Plans (GTPs). World Bank Group Data shows that Ethiopia’s economy grew at an average of 10.3% a year from 2006 to 2016, making it the fastest growing, non-oil-dependent African economy. According to the International Monetary Fund’s World Economic Outlook 2018 Report, Ethiopia’s GDP is currently the seventh largest in Africa at 80.87 billion USD.

 

Ethiopia is believed to be the origin of humankind as well as the birthplace of the wild coffee plant, Arabica Coffee. Additionally, the country is endowed with abundant natural resources and historical sites, hence why it is considered by many to be the Land of Origins.

In 2015, Ethiopia rose to be included in the – recording 100% change in foreign direct investment (FDI) flow. The high level of economic growth, provision of better infrastructure, a successive growth of market sizes, and the government’s openness to FDI contributed to high profile investors targeting Ethiopia in the past few years. To date, Ethiopia has attracted roughly 8.5 billion USD in FDI, mostly from China, Turkey, India, USA, and the EU. Investment has been primarily in infrastructure, construction, agriculture and agro-processing, textiles, and leather products

Successive national Growth and Transformation Plans (GTPs) set FDI as an essential tool to finance Ethiopia’s development in the coming years. Accordingly, Ethiopia enjoyed 3.2 billion USD in FDI flows in 2017 – the highest in Africa. Moreover, the nation’s capital, Addis Ababa, is a  regional hub and home to prominent international organizations such as the African Union and the United Nations Economic Commission for Africa.

The Agricultural Transformation Agency is an initiative of the Federal Government of Ethiopia Off Meskal Flower Road, across from Commercial Graduates Association

Tel:+251-115-570-678

Fax:+251-115-570-668

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