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Wednesday, 25 February 2015 10:11

Infrastructure On the Rise

Ethiopia's infrastructure requirements are reflective of its status as a growing economy. As the country becomes increasingly urbanized, it needs to adjust provisions, while making sure not to leave its rural poor behind. Infrastructure needs in the country are greatest in electricity, water and sanitation, telecommunications and roads and transport.


Air Transport: – the Ethiopian Airlines (EA), African world class airline, connects the country with over 59 destinations worldwide. EA reaches to more than 20 destinations in Africa, USA and Canada, many European destinations including, London, Paris, Hague, Brussels and Rome, to China and India in Asia and Dubai, Tel Aviv and Jeddah in the Middle East. It provides both passenger and cargo flights in its domestic and international flights. EA has an outstanding safety record. Its modern air cargo terminal is furnished with cold storage to handle perishable products. Ethiopia has 3 international and 19 domestic airports.]

Road transport – Investment in road infrastructure is given a high priority. The total road network is expected to reach about 136,000km by 2015. The road network links Addis Ababa to various parts of Ethiopia and neighbouring countries.

Railways and ports – 780km rail service linking Addis to the port of Djibouti (on the Red Sea coast) via the eastern cities of Dire Dawa and Nazareth. There is a plan to build an additional railway line of 2395km in the next five years. Ethiopia also has access to Port of Berbera in the East, Port Sudan in the north-west and Mombassa in the south. Inland Dry Ports at Mojo and Semara also serve as an import and export cargo hub.

Telecoms – Microwave, satellite, Digital Radio Multi Access System (DMAS), VSAT and UHF connect all regional cities and a number of smaller towns have automatic telephone services. International communications links are maintained through satellite earth stations, fibre optics providing telephone, internet, telex, fax and TV services, digital data transmission, pre and post paid cellular phones and coin booth services.

Power supply – Ethiopia has vast hydropower and promising geothermal energy resources. The main industrial towns are all connected into the national grid, and electricity is relatively cheap. Electricity generation has improved dramatically and is expected to reach up to 10,000 MW in five years time from the current 2000MW. The Government has liberalised the sector allowing foreign investors to participate in generating of electric power.


Wednesday, 25 February 2015 09:57

Economic Environment


• Comprehensive development strategy resulting in strong economic growth.

• Stable macro-economic condition.

• Double digit economic growth averaging 11% per annum in the past 7 years.

• Generally, inflation managed at a single digit figure.

• Stable exchange rate.

• Government commitment to private sector.

• Safe and secure working and living environment, identified by the UN and the International Chamber of Commerce (ICC) as a key asset for investors in Ethiopia.

• Low level of corruption – Ethiopia is described by the UN and ICC as “exceptional in its almost complete absence of routine corruption”.


• Major economic sectors are open for investment and marketing.

• Remittance out of Ethiopia from invested capital (dividends and interest) is permitted.

• Remittance also permitted for principal and interest with technology transfer, proceeds from sales or liquidation of an enterprise, salaries and other payments.

• The investment code provides a conducive environment for private sector development.

• 100% foreign ownership of investment is permitted with the following minimum initial investment:

  • US$100,000 – sole foreign investment
  • US$60,000 – where the foreign investor is in a joint venture with a domestic partner
  • US$50,000 – for consultancy or publishing businesses. This figure reduces to US$25,000 for foreign investors working in partnership with a domestic investor in the areas of engineering, accountancy, architecture, auditing services or business/management consultancy.

• An investor reinvesting profits or dividends or exporting of at least 75% of outputs is not required to allocate a minimum capital.

• Substantial market liberalisation.

Wednesday, 25 February 2015 09:54

Labour Market


• Ethiopia has a young, trainable and disciplined labour force.

• Private universities and colleges flourishing in Addis Ababa and regional cities.

• Over 30,000 university graduates per year, including business, management, economics, accounting, law and engineering graduates.

• Ample opportunity to meet the demand of skilled manpower in the technical and vocational field due to the expansion of Technical and Vocational Education and Training (TVET) college.

• Average private sector wage £30 per month, with graduate salaries at between £43 and £55 per month.

• Expatriate employees permitted in senior positions, with prior consent from the Ethiopian Investment Commission (where employer is sole or major owner or shareholder of enterprise). Expatriate experts are also permitted, as long as the investor trains their replacement within a designated time period.

• Good standards of spoken and written English.



• Strong internal market with a population of 80 million which is the second largest in Sub-Saharan Africa.

• The large and fast-growing domestic market offers good prospects for investment in and the

development of consumer good industries such as food, beverages, tobacco, plastic products, soap and detergents, glass and ceramics, chemical and chemical products, drugs and pharmaceuticals, paper and paper products as well as electrical and electronic products.

• Located in the ‘Horn of Africa’ at the crossroads between Africa, the Middle East and Asia, Ethiopia offers a strategic market access.

• Membership of the Common Market for Eastern and Southern Africa (COMESA) embracing 23 countries with a population of more than 420 million. Ethiopia enjoys the benefits of preferential tariff rates on exports to these countries.

• Ethiopia is an ACP member (African, Caribbean and Pacific Group) and accession to the WTO is under negotiation.

• Ethiopia also enjoys Duty Free and Quota Free (DFQF) privilege extended by, among others, USA – Africa Growth and Opportunity ACT (AGOA), EU – Everything But Arms (EBA), China – ‘0 Tariff ’ privilege and India - DFQF.

• Investors engaged in the export sector of Ethiopia will have competitive edge in these markets.

Wednesday, 25 February 2015 09:48

Political Stability

  • Ethiopia is considered as one of the most stable countries in Africa.
  • The Constitution of the country, adopted in 1995, provides for a multi-party political system.
  • Elections are held by universal suffrage every five years.
  • The FDRE has a parliamentarian form of government with a bicameral parliament which comprises the House of the Peoples’ Representatives (HPR) and the House of the Federation (HoF).
  • The House of the Peoples’ Representatives is the highest authority of the Federal Government.
  • Power of government is assumed by the political party or a coalition of political parties that constitutes a majority in the House of the Peoples’ Representatives (HPR).
  • Executive power is vested in the Prime Minister, elected from among the members of the HPR for a five-year term.
  • Ethiopia may well be considered as a country with the lowest levels of crime and corruption among least developed countries.

Data Source: Ethiopian Investment Guide 2014

Wednesday, 25 February 2015 09:37


Why Ethiopia?

With a very stable and democratic government, ever improving infrastructure and most of its economic indicators moving in the right direction, Ethiopia is surely the right destination for your investment. The government is currently focusing on improving and sustaining the agriculture and infrastructure (construction) sectors, though the manufacturing and real-estate sectors are also receiving a lot of attention. Other sectors offering bright prospects for investors are ICT, mining & energy, and health. There are also great opportunities for investment in education and tourism.


  • A strategic location in the north eastern part of Africa also known as the Horn of Africa, at a cross roads between Africa, the Middle East, and Asia provides access to the Common Market for Eastern and Southern Africa (COMESA) market with an estimated population of 400 million people
  • A stable political environment within the Horn of Africa, with established democratic institutions to ensure good governance
  • Availability of untapped resource and fertile land suitable for agriculture
  • An abundant, affordable and easily trainable labour force governed by Labour Law
  • A competitive daily minimum wage rate
  • A seat to key international organizations such as the African Union Commission (AUC), the United Nations Economic Commission for Africa (UNECA), foreign embassies and international organizations to mention a few
  • Duty free access to the European Union (EU) and US market trough the African Growth and Opportunity Act (AGOA)
  • Potential to develop a competitive cotton or textile industry due to good climate and soil conducts
  • Over 65 textile investment projects from international investors have been licensed in Ethiopia since 1992
  • Customs duty payment exception on capital goods and construction materials, also on spare parts which value is not greater than 15% of the imported capital goods’ total value
  • Comprises the best airlines in Africa having 17 domestic destinations and over 59 destinations worldwide and is known to carry two thirds of Africa’s air freight
  • An excellent weather with moderate climate otherw
  • Income tax exception from two to seven years on manufacturing or agro-processing and agricultural investments
  • An excellent weather with moderate climate otherwise known as the “13 Months of Sunshine”, a great gift of God
  • A strong export performance
  • A truly hospitable people


Friday, 20 February 2015 09:26

Trade Agreements

Ethiopia has made a number of preferential trade agreements with many countries. Under the various Generalized System of Preference (GSP) schemes, Ethiopia is one of the beneficiaries of preferential trade access for a wide spectrum of commodities from a number of developed countries, including, among others, Australia, Canada, the European Union (EU), Japan, Norway, and the United States of America (USA). The two most important duty free market access opportunities that Ethiopia currently enjoys are the EBA and AGOA schemes. Except Kenya, which is not categorized as a least developed economy, all other neighboring countries in East Africa are beneficiaries of the EBA, and many other GSP schemes.

Ethiopia has concluded bilateral investment and double taxation avoidance treaties with the following countries:

30 Bilateral Investment Treaties (BITs) from 1994 to 2009

Algeria            Austria              Belgium and Luxemburg        China               Denmark

Djibouti           Egypt              Equatorial Guinea       Finland            France             Germany

India                Iran                  Israel               Italy                 Kuwait                        Libya  

Malaysia          Netherlands     Russia              South Africa               Spain               Sudan

Sweden           Switzerland                 Tunisia             Turkey             United Kingdom         USA


12 Double Taxation Avoidance Treaties (DTTs) from 1996-2008

Algeria            Czech Republic           France             Israel               Italy                 Kuwait           

Romania          Russia              South African             Tunisia             Turkey             Yemen


Data Source: Ethiopian Investment Guide 2014

Friday, 20 February 2015 08:08

About Us

ETHIOPIA: a Safe Bet for Foreign Dollars

We are a consultancy firm that facilitate business to business and also helps out to those who are new to Ethiopia to do business. We are a pioneer in facilitating investments, business development as well as management consulting. As a country we are boarding a new era of development exceedingly surpassing most developing countries in economic out put. As a result we are undertaking numerous projects that link investors where their demands and interest lies; moreover, we connect them because their lucrative investment gets its dividend. Our expertise is at their disposal as their investment is whether it’s on energy, engineering, manufacturing, and Agro industry. 

Presently, we have numerous local business people who were connected through us and we are still seeking potential investors if they wish to partner with to contact us promptly, either through financing for expansion or consultancy. To be successful as a consultant, one must be different; must be strong; and also must be committed. The consulting field is growing faster than ever, driven by the information revolution, baby boomers moving out of corporate roles, and the struggling economy. Some consultants will join firms like ours as experienced hires, while others will make a go of it on their own. In either case, we pride ourselves, by brand positioning, talent/leadership as well as creating quality leadership, and finally operational excellence.

We are committed to our investor’s satisfactions, continuous improvement and business development. The investor (customer) satisfaction customer satisfaction is why we exist and if our clients don’t get value we don’t have business. If there is no continuous improvement in our business then one is not going to get better, and then ultimately getting worse. Business development is also important because the number one job of a company is to create a client. If one doesn’t have the capacity to build that may be you are in the wrong business. With Invest In Ethiopia your success will be immensely rewarding and beneficial.

Million Investment Consultancy

The journey of the life history of the company begins on October 2009 ever since the inception of the company; it has been legally registered and recognized in accordance with the laws of Ethiopia. Currently the headquarters of the company is located in the city of Addis Ababa, Bole road behind Mega Building.

We, at Million Investment Plc., are an extremely experienced group of advocators responsible for:

(a) promoting Ethiopia as an investment destination and;

(b)being the main information source on investment in the country.

We are highly reliable, effective and prompt facilitators and management service providers for any investor who would like to do business in Ethiopia.



Wednesday, 09 July 2014 10:50

Under Construction

Coming Soon...

Sunday, 06 July 2014 17:22

Non- Fiscal Export Incentives

The non- fiscal incentives given to all exporters are the following:

  • Exporters are allowed to retain and deposit in a bank account up to 20 percent of their foreign exchange export earnings for future use in the operation of their enterprises and no export price control is imposed by the National Bank of Ethiopia;
  • Franco valuta import of raw materials are allowed for enterprises engaged in export processing; and
  • Exporters can benefit from the export credit guarantee scheme which is presently in place in order to ensure an exporter receives payment for goods shipped overseas in the event the customer defaults, reducing the risk of exporters’ business and allowing it to keep its price competitive.
Monday, 09 June 2014 11:20

Ethiopia at a Glance

The Country

The Federal Democratic Republic of Ethiopia (FDRE)

Capital City

Addis Ababa, which is also the seat of the African Union (AU) and United nations Economic Commission for Africa (ECA), among others.

Other main cities

Adama, Bahir Dar, Dessie, Gondar, Harar, Hawassa, Jimma, Mekele and Dire Dawa

Administrative division

There are nine regional states, and two city administrations, including Addis Ababa.

Commercial Language



Ethiopia is a multi-ethnic state with a great variety of languages spoken; out of which 83 have over 2000 dialects. Amharic is the working language of the Federal Government. Oromiffa and Tigrigna are other major languages widely spoken in the country.

English is a medium of instruction in junior and secondary schools, and higher educational institutions; and widely spoken, particularly, in business transactions.


Ethiopia uses the Julian calendar which divides the year into 12 months of 30 days each. The remaining five or six days in a leap year, constitute the short 13th month known as “Pagume”. The calendar is seven years behind the Western or Gregorian Calendar, with the Ethiopian New Year falling on the 11th of September.


Units of currency are the Birr and cents. The Birr is divided into 100 cents.

GDP per Capital

USD550 (2012/13)


Over 84.8 Million (2012/13)

Population Density

74.4 per sq. km (2012/13)

Land Size

1,127,127 km² (935,183 miles²)


Ethiopia is located at the northeastern part of Africa extending 30 to 150 north of the equator and 330 to 480 east of the Greenwich Meridian. Ethiopia enjoys a unique location at crossroad between Africa, the Middle East and Asia.

Arable land

513,000 square kilometers (45%)

Irrigated land

34,200 square kilometers (3%)


There are two major seasons encompassing dry and wet seasons. The dry season prevails from October through May. The wet season runs from June to September. Much of Ethiopia has a surprisingly temperate climate by African standards, because of its elevation.


Ethiopia has an elevated central plateau varying in height from 2,000 to 3,000 meters above sea level. In the North and centre of the country, there are some 25 mountains whose peaks reach over 4,000 meters.

The most famous Ethiopian river is the Blue Nile or Abay, which flows a distance of 1,450 kms from its source to join the White Nile at Khartoum.


Major religions in the country are Christianity and Islam. But there are a number of traditional religions as well. One prominent feature of Ethiopia is religious tolerance that exists among different religious groups.

Working hours

Ethiopia is in the GMT+3 time zones. The government office hours are 8:30 am – 12:30 pm and 1:30 pm – 5:30 pm from Monday through Thrusday; and 8:30 am to 11:30 am and 1:30 pm to 5:30 pm on Fridays.

Political system

Federal with multi-party system

Head of State

President: Dr. Mulatu Teshome

Head of Government

Prime Minister: Hailemariam Dessalegn


Data Source: Ethiopian Investment Guide 2014

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