Ethiopia is located in the north-eastern part of Africa, bordered by Sudan, Somalia, Djibouti, Eritrea and Kenya. Addis Ababa, the capital city is the seat of the African Union & United Nations Economic Commission for Africa. Ethiopia has an estimated total population of 96.6 million, a large, young and easy-to-train work force. It has enormous potential for hydropower and geothermal energy generation, and is the fastest growing non-oil producing country in Africa. The National Bank of Ethiopia (NBE) is the central bank of the country. The financial sector consists of public and private banks, insurance companies, and micro-finance. Most of the industrial and agricultural loans to projects focused on export are given by the Development Bank of Ethiopia. Ethiopia has investment opportunities mainly in Agriculture, Manufacturing and Services.
However, there are a number of issues which you must consider when you are looking to set up your business in Ethiopia. This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.