Ethiopia wins big as cement, flower, shoe firms set up shop

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fdi
ernst
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A model of the Ethiopia-China Dong Guan Huajian International Light Industrial Zone. Ethiopia is using a range of incentives to woo investors to the country

#####In Summary

  • Ethiopia is using a range of incentives to woo investors to the country.
  • Ethiopia has traditionally banked on its attractive land leasehold laws, low cost of labour, dependable energy and government incentives to attract investors. Currently it is leading the continent in the leather and textile industry.
  • Ernst & Young forecasts FDI into Ethiopia will average $1.5 billion each year for the next three years and predicts the country will be a leading manufacturing hub in sub-Saharan Africa in the next decade.