Ethiopia - a rising star with a ripe investment climate that is gaining foreign investors’ attention
Things are rapidly changing in Ethiopia. This country, situated in the north-eastern part of Africa, is considered one of the most politically and socially stable countries in Africa. Ethiopia is making headways, and becoming a great place to do business. The Ethiopian economy is mainly based on agriculture, which in 2010/11 accounted for about 50% of the gross domestic product (GDP), 90% of foreign currency earnings and 85% of employment. This was highlighted at the Nedbank-NEPAD Business Forum entitled; ‘Ethiopian Investment Forum’, where emphasis was placed on the economic boom the country was experiencing as well as the investment opportunities that existed for the private sector.