African News

Private sector actors are increasingly being recognized as a major force in development. They drive economic growth through investment, employment and business creation. This growth is likely to contribute to long-term poverty reduction as private companies include the public as producers, suppliers, employees and consumers. Public-private partnerships that are based on the identification of complementary expertise and shared commercial interests are also important tools that can harness the private sector's contribution to such inclusive growth. Powered by such substantial public infrastructure investment and a conducive external environment, Ethiopia's growth has been rapid and it has managed to decrease poverty substantially by 30% according to the recent World Bank report. Private inv...

As more international companies make way for Ethiopia's mineral wealth, the country opened its door to license more than 250 companies to excavate its natural treasures. The government is offering a variety of incentives to attract investors, including tax holidays, import-duty exemptions, lower royalty levels and guarantees on selling rights. Ethiopia's mining sector is undergoing a massive transformation with an increase in opportunities for investment. A wide variety of mineral resources are available in Ethiopia, according to recently conducted geological studies. The Ministry of Mines surveyed over half of the country's geological landscapes and discovered large reserves of gold, petroleum and potash as well as valuable deposits of coal, tantalum, copper, platinum, opals, rubies and ...

Ethiopia has the largest economy in East and Central Africa and is one of the fastest growing economies in the world, registering six to ten percent economic growth between 2004 and 2014 and a forecast of real GDP growth of 8.5 percent in 2015 and 2016 (IMF). The Ethiopian agrofood, plastics and packaging industry attracts massive private and public investment. Against this backdrop the German trade fair specialists fairtrade launch agrofood plastpack Ethiopia. The 1st International Trade Show on Agriculture, Food, Beverage and Plastics & Packaging Solutions and Technology for Ethiopia is scheduled from 04 to 06 October 2016 at the Millennium Hall, the most prestigious exhibition and conference hall in Ethiopia. The German trade show specialists fairtrade launch agrofood plastpack Eth...