Monday, March 09, 2015

Ethiopia preferred location for investment

(Mar 09, 2015, (East Africa Business Week))--With a population nearing 95 million people, The Federal Democratic Republic of Ethiopia is a beacon for foreign direct investment (FDI). This is a big country with big aspirations for future prosperity and invites you to be a part of this great adventure.

Being one of sub-Sahara Africa’s fastest growing economies and endowed with huge natural resources, it is no surprise the amount of increasing interest Ethiopia has stirred up among foreign investors all over the world. A Gross Domestic Product (GDP) growth rate of 11% is not something you ignore easily.

Some other useful facts include that Ethiopia has an area of 1.14 million square kilometres, 513,000 sq mts of arable land and 34,000sq mts of irrigated land. The country remains an untapped and unexploited market and with this in mind the government has continued to build infrastructure to complement the path it has charted out in the Growth and Transformation Plan (GTP).

The world is already suitably impressed with the Grand Ethiopian Renaissance Dam projects that will accelerate the country’s ability to provide adequate electricity which is a prerequisite to rapid economic growth. Read more from East Africa Business Week »

No comments:

Post a Comment