Ethiopia's Thriving Investment Renaissance.

Ethiopia is experiencing a resurgence in investment activities, with significant progress in economic growth, infrastructure development, and foreign direct investment (FDI).

An impressive turnaround

For years, Ethiopia has faced wars, economic upheaval, and uncertainty. Despite these challenges, it is now one of Africa's fastest-growing economies. 

• Last year the country floated its birr currency on the open market to stabilise it and meet the demand for foreign currency.
• The government also introduced market-friendly reforms, allowing foreign companies to enter the banking sector after years of domination by state-run banks.
• Infrastructure development continues to gather pace aimed at improving both physical and digital infrastructure, including road networks connecting rural and urban areas, as well as access to ports and cities.
• The country making significant investments in energy transition and electricity generation with projects like the Grand Ethiopian Renaissance Dam (GERD).
• The establishment of the Ethiopian Securities Exchange (ESX) backed by the country’s $38 billion sovereign wealth fund will be a game changer for companies and investors hoping to list on the market.

Investors are knocking

Africa's richest man, Aliko Dangote, recently announced a new $400 million investment in the country's cement sector which will double Dangote Cement Ethiopia's production capacity, create over 25,000 additional jobs and generate approximately 5 million tonnes of cement annually within two years.

The country’s agriculture industry has received a boost with a $600 million agreement between Ethiopia's Sovereign Wealth Fund, the Ethiopian Investment Holdings, the Agricultural Works Corporation, and the UK private equity firm Asset Green Company to jointly invest in a two-phase, 15,000-hectare Integrated dairy and commercial farming project in Addis Ababa. The first phase will focus on dairy farming and processing, while the second phase will expand into commercial farming, covering cotton, oilseed, and rice production, all utilizing state-of-the-art technology.

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