Ethiopia has a large domestic market of over 100 million people, making it the second most populous country in Africa after Nigeria. Over the last decade, Ethiopia has had one of the fastest growing economies in the world, with average annual growth rates ranging from 7% to 12% (depending on data sources). In 2018, Ethiopia’s real Gross Domestic Product (GDP) expanded by 7.7 percent, and is expected to grow by 8.5% in 2019, according to the World Bank.
Most people will find it worthwhile to further investigate the business opportunities which are available in Ethiopia. After all, only few countries have achieved a GDP rate of 8% per annum over 15 – 20 years.
We live in a changing world where the future is unsure.
Ethiopia is stronger than most countries because it is home to over 100 million people, which have an average age of 20 years.
Their new Prime Minister Abiy Ahmed is introducing many policy reforms. Many state enterprises are being enationalised and there is a movement to market based reforms and a new flexibility within its business economic policies.
There is a shortage of foreign currency in Ethiopia, however but international investors will support local and incoming companies if they wish to do business in Ethiopia, if they have a competent business plan which shows that the project has been approved by the government, that it has a known viable market which will generate profits from which the borrower will be able to repay the loans in the agreed repayment period. They must also be able to show that they have access to an insurance company which will provide the insurance which will have been specified by the lender.
Business Financial Services Ltd has access to companies which provide funding and insurance for suitable projects. These companies are located in London, South East Asia and the USA. When necessary Business Financial Services will work on behalf of clients which require these services.
Business Financial Services Ltd offers Global online marketing and other support to the above companies.
Why British companies should consider doing business in Ethiopia?
For around 200 years Great Britain colonised African countries in Africa and in due course they became members of the Commonwealth.
Due to the first and second world wars the UK lost its financial strength and was unable to maintain it’s relationships the colonies and most of them took their independence. Due to their independence many of the African countries started to trade with other countries and in particular China.
Because of its declining power, the UK joined the EU and has been bound by their rules for the following 45 years. As a result, the amount of trade between Africa and Africa is now minimal. However, the UK has now left the EU.
The African countries have now experienced trading with China and other countries and usually they find that those experiences have been unsatisfactory. Most African countries now wish to re-engage with the UK.
As an example, Business Financial Services Ltd have recognised the opportunities, it is currently developing a website which will help UK companies to export to Africa and for African Countries to export their products to the world.
We hope our website will help you to develop your export businesses and please feel free to revisit our website on a regular basis.
Who wants to farm in Ethiopia?
Ethiopia’s GDP has grown by about 8% pm over the last 20 years. It is one of the largest African countries, it has a population of over 100 million people with an average age of about 20 years. Around 80% of its population are involved in agriculture, however there is little mechanisation,
They, either do not have or they are at the beginning of develop their food processing industries, their supply chains and their exporting skills. In the UK farmers have an average of 1 ½ tractors per employee whereas in Ethiopia there is only 1 tractor between 4000 people
The country has excellent agricultural land but large amounts of the land is not farmed.
They have a very wide range of climates because the country lies on the equator and its mountains reach about 15,000 feet above sea level.
Ethiopia can grow a very large range of crops from rice, sugar, grains, fruits, coffee nuts etc. The government will provide large areas of land with low or no rent for period of up to 30 years to Farmers who relocate to Ethiopia.
British Department Of International Trade and Ethiopian Government
Ethiopia is unattractive to most farmers who consider the possibility of relocating to Ethiopia because the country is lacking the essential infrastructure.
For the above reasons Business Financial Services Ltd will work with the Dept of International Trade and the Ethiopian Government to draw together groups of people who collectively would provide the required infrastructure and which will create each of their businesses as they work together in Ethiopia.
We believe that we should help and encourage agricultural industries and not individual businesses.
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Tags: africa investment conference, agriculture, brexit deals, british bisnesses in ethiopia, british business, british companies, department of international trade, ethiopia, government of ethiopia, invest
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