Doing Business in Ethiopia

Why choose Ethiopia as your business destination?

Ethiopia is a growing attractive investment location for market, efficiency and resource-seeking investors looking to start or expand operations in Africa.

Dynamic policy: Ethiopia is one of the top five host economies of foreign direct investment in Africa, attracting $4.1 billion investments in 2021. A historic investment climate reform introduced a new investment proclamation, opening economic sectors to foreign investment with multi-year investment visas, improved protections, and a One-Stop-Service.

Resilient economy: with GDP growth of 6.3% in FY2020/21, Ethiopia is the fastest growing economy in Africa, with an average annual growth rate of 10% over the past 15 years.

Enabling infrastructure: Ethiopia has invested 10% of GDP in infrastructure over the past decade. The Grand Ethiopian Renaissance Dam (GERD) generates 6,450 MW. Electricity is offered at $0.3–0.4/kWh. The Addis Ababa–Djibouti railway transports 24.9 million tons of freight annually.

Connected market: with a population of 120 million, Ethiopia is the second largest consumer market in Africa and part of COMESA (583 million consumers). Ethiopian Airlines serves 127 international passenger destinations.

Key sectors of investment opportunities: Agriculture, Manufacturing, Mining, ICT, Tourism. Other sectors include Energy, Health, Transport and Logistics. Emerging sectors include Telecom, Financial Services, and Privatisation.

For any investment need in Ethiopia, contact the Ethiopian Investment Commission (EIC): +251 11 551 0033.