Market News | Ethiopia International Trade Exhibition (EITE) 2021

Market News

Ethiopia and Africa market

In 2016 Ethiopia imported $17.9B, making it the 75th largest importer in the world. During the last five years the imports of Ethiopia have increased at an annualized rate of 14.7%, from $8.83B in 2011 to $17.9B in 2016.

The top import origins of Ethiopia are China ($5.46B), the United States ($1.54B), India ($1.3B), Kuwait ($1B) and Italy ($700M).

  • Danske Bank grants USD 131.4 million for 100 MW Assela Wind Project

    Posted on :Thursday , 1st October 2020

    Ethiopian Finance Minister Ahmed Shide recently signed a loan agreement worth €117.3 million with Danske Bank, Denmark’s largest bank. This took place during a virtual conference in which Jelsper B. took part. Petterson and Olaf S. Mark Schet, respectively Director and Associate Director of Danske Bank.
     

    This is the second installment of fundi. . .

  • World Bank Approves $80 Million Grant To Boost Ethiopia’s Agricultural Productivity

    Posted on :Thursday , 1st October 2020

    The World Bank Group’s Board of Executive Directors has approved a US$80 million grant from the International Development Association to support the government Ethiopia to boost agricultural productivity and enhance market access for smallholder farmers.

     

    The Financing Agreement was signed by H.E. Ahmed Shide, Minister, Ministry of Finance and Mr. Ousmane Di. . .

  • Industries In East Africa To Benefit From Continental Free Trade

    Posted on :Monday , 9th March 2020

    The AfCFTA, which is the biggest trading bloc in the world after the WTO, is conceived to bring together Africa's 55 countries into a single market of 1.3 billion people with an annual economic output of over $3.4 trillion.

     

    That will drive industrialisation, the UN Economic Commission for Africa (UNECA).

     

    Officials must ensure that businesses can move goods . . .

  • The 3rd Ethiopia International Trade Exhibition 2020 at Addis Ababa

    Posted on :Tuesday , 3rd March 2020

    The much awaited 3rd edition of Ethiopia International Trade Exhibition 2020 was inaugurated today by H.E. Mr. YohannesDikayehuEba, State Minister, Ministry of Industry, Ethiopia. Held at the Millennium Hall in Addis Ababa, from 10:00 AM to 6:00 PM for the public till 26th of February 2020, it is the one place to source new products, services and technology from around the world. . . .

  • Ethiopian Council Of Ministers To Establish An Artificial Intelligence Research & Development Center

    Posted on :Friday , 31st January 2020

    Ethiopia is all set up to start AI research center. The decision calls for "a favourable environment for beginner developers and startups working in the artificial intelligence sector."

     

    This was the latest of a series of steps taken by Ethiopia, Africa's second populous nation with a population of about 107 million, to step up AI research and development in certain and advanc. . .

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Expogroup is a full service exhibition organiser with over 24 years experience in International trade exhibitions. Our current portfolio includes 27 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.

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