Market News | Ethiopia International Trade Exhibition (EITE) 2020

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).

  • 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. . .

  • Launch Of Electronic Customs Processing Platform To Enhance Trade In Ethiopia

    Posted on :Tuesday , 14th January 2020

    The Government of Ethiopia launches an electronic platform that will enhance efficiency in trade logistics landscape of the country by speeding the customs process for importers and exporters.

    It is said will reduce the 44 days hectic long paper work process for importers and exporters to 15 days. Gradually, it is also expected to cut the 15 days to three working days.

     

    . . .

  • Manufacturing Commodities Continue To Explore New Markets Opportunities Particularly In The East African Community

    Posted on :Tuesday , 14th January 2020

    Manufacturing subactivity grew by 8.3 per cent in 2018 slightly higher compared with 8.2 per cent in the previous contributed largely by the expansion of the regional markets.

     

    The ongoing investment and improvement of infrastructures as well as the stability in power supply reduced production costs.

     

    The Bank of Tanzania (BoT) annual report 2018/19 manufactu. . .

  • A Significant Boost To The EU's Cooperation With Ethiopia

    Posted on :Thursday , 12th December 2019

    The new President of the European Commission, Ursula von der Leyen, on the occasion of her first official visit outside Europe, declared in Addis Ababa a remarkable boost to the EU'' collaboration with Ethiopia.

    The statement comes as President von der Leyen and Commissioner for International Partnerships Jutta Urpilainen met with Ethiopian Prime Minister Abiy Ahmed in Addis Ababa.

    . . .

  • EAC To Promote The Textiles And Apparels Sector In East Africa

    Posted on :Thursday , 12th December 2019

    The 39th Council which was chaired by Rwanda’s Minister of State for Foreign Affairs, Regional Cooperation and East African Community Affairs, Amb. Olivier Nduhungirehe, was attended by line Ministers from all the EAC Partner States and EAC Executives.

     

    EAC Council of Ministers has approved the Final Draft Cotton, Textiles and Apparels (CTA) Strategy and its. . .

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