May 15, 2018 visit the business anticorruption portal page, providing more advice and guidance about corruption in ethiopia and some basic but effective procedures you can put in place to protect your company. The rate is set at 19% for companies producing goods, 26% for companies active in the construction, hydraulic, tourism and. The following is a list of top 20 largest private companies in ethiopia based on their annual revenue. Building effective business relationship in ethiopia. The ethiopian diaspora has so far invested more than usd 1 billion in ethiopia.
Ethiopian business directory ethiopia based companies. The book discusses the major principles of ethiopian business law with practical examples. The homegrown economic reform plan advocates an increased role for the private sector, and ethiopia is systematically addressing bureaucratic bottlenecks in an effort to improve its ranking on the world banks ease of doing business index. Pdf download doing business in ethiopia doing business guides. A crosscultural perspectivethe need of managing cultural diversity in a business setting in the modern economic climate, rapid pace of globalization, technological advancement, and intense competition drive companies to operate across geographical boarders in a dynamic and diverse environment.
Ease of doing business in ethiopia 20082019 data 2020. Kenya embassy addis ababa comoros street, high 16 kebelle 01, addis ababa, ethiopia. Buyer program trade shows 2017 international buyer program pdf 480 kb. The retail sector is a good indicator of the boom in consumer spending. We conduct competition for contracts, grants and cooperative agreements to find the most qualified implementing partners for our development assistance programs at the best value to the u. This guide is intended to assist investors interested in doing business in ethiopia. Ukti is the british government department that helps ukbased companies succeed in. The us embassy commercial service in ethiopia has been identifying trade and investment opportunities for u. Doing business in ethiopia market overview market challenges market opportunities market entry strategy market overview return to top thethiopia ranks 125 out of 189 countries in the world banks 2014 ease of doing business report a decrease from the previous year. Most businesses close for lunch for an hour anytime between 12. Welcome to this 2015 edition of doing business in ethiopia. Ethiopia market opportunitiesethiopia market opportunities overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
List of industrial zone in ethiopia africa business partners. There are unlimited trade and investment opportunities for u. Business attire is typically standard business suits and exchange of business cards is an expected practice. Ease of doing business in ethiopia region subsaharan africa income category low income population 109,224,559 city covered addis ababa 159 db rank db score 48. This page includes a chart with historical data for. The country commercial guide ccg presents an overview of ethiopias commercial environment, using economic, political, and market analysis. Relations with ethiopia united states department of state. Accounting for over 85% of employment for the people of ethiopia, agriculture is vital.
Small and medium businesses are springing up everywhere in addis ababa, the capital and financial city of ethiopia and in other regions as well. More information about ethiopia is available on the ethiopia page and from other department of state publications and other sources listed at the end of this fact sheet. The rank of ethiopia remained unchanged at 159 in 2019 from 159 in 2018. American companies in ethiopia, on thursday, june 21, 2018, at the hilton hotel in addis ababa the panel discussion focused on the role of american companies in promoting responsible business practices in. List of best business law companies in ethiopia, top business law companies in ethiopia, business law companies near me, best business law companies. We can provide valuable insight into local market conditions and business opportunities. Ethiopia relations the united states first established diplomatic relations with ethiopia in 1903, and has maintained them ever since, despite changing forms of government. Ethiopias population of approximately 84 million makes it one of the largest markets in africa. The registration and operation of holding companies are not yet tested practically. Doing business in ethiopia market overview ethiopia market overview. On fridays, most government offices close for lunch from 11. Ethiopia company registration the best in the world.
Many uk businesses operate in ethiopia, including wellknown companies such as. Ethiopia relations and the development of institutions, legislation and bestpractices that create an enabling environment for increased commerce between the two countries. In preparing the list, we have researched and crossreferenced multiple sources, including ethiopian chamber of commerce, industry insiders, media reports and others. It does not exhaustively cover the subject, but is intended to serve as a synopsis of some of the important issues of concern for those planning to invest in ethiopia. There are some unique challenges uk companies may face when doing business in ethiopia. Doing business with us how can an organization become an implementing partner with us. Companies incorporated in algeria or conducting business in algeria are subject to the following taxes. Ethiopias top five export destinations in fy 201011 were. Commercial service in addis ababa provides assistance to u. The data for these 11 economies are a populationweighted average for the 2 largest business cities. Starting a business considers two types of local limited liability companies that. Many uk businesses operate in ethiopia, including wellknown companies such as tesco, unilever, diageo, glaxo smithkline and diageo. Addis ababa as ethiopia explores new ways of tapping into its incredible economic potential, american companies are promoting responsible business practices to encourage american companies to.
Table 1 presents a summary of these rankings as well as ethiopias overall easeofdoing business rating. May 06, 2017 the hawassa industrial park is nominated as an industrial zone specialized in garment industry. The country commercial guide ccg presents an overview of ethiopia s commercial environment, using economic, political, and market analysis. Rwanda emerged in the top 30 countries of the world banks doing business report for the first time with a score of 77. In june 2018, under secretary of commerce for international trade gil kaplan led a visit to ethiopia by members of the presidents advisory council on doing business in africa pacdbia, a private sector group advising the united state government on enhancing the u. The ethiopian investment agency eia can provide more information on setting up a business in ethiopia. How to do business in ethiopia doing business in ethiopia. Ethiopia s population of approximately 84 million makes it one of the largest markets in africa. Ethiopia has seen the highest gdp per capita growth on the continent, with a cagr of 10.
Agriculture is the main stay of ethiopias economy providing employment to 85 per cent. Benefits to british businesses exporting to ethiopia include. We offer detailed information on the business climate in ethiopia and help you promote your business in this country. Companies registered in ethiopia are subject to i corporate tax rate of 30% ii a value added tax vat of 15% iii withholding taxes and capital gains tax of up to 30%. Ethiopian business directory offers a complete and diverse list of ethiopia based companies established for those serious about doing business in ethiopia including private sector, government agencies and ministries, embassies and ngos, banks and forex bureaux, hospitals and clinics, shopping centres, hotels and guest houses in ethiopia, travel and media. Ethiopia has an annual average gross domestic product gdp growth rate of between 7% and 8% for the past decade. Tenancy companies in hawassa industrial park as of february 2017 click to enlarge. Business law in ethiopia list of business law companies. As one can see, ethiopia does better in the areas of taxation, construction permits, and enforcing contracts, and not as well when it comes to engaging in international trade, obtaining credit, or protecting investors. Ease of doing business in botswana region subsaharan africa income category upper middle income population 2,254,126 city covered gaborone 87 db rank db score 66. Globally, rwanda is 29st on the ease of doing business ranking, compared to the 41th position in last years report.
Doing business in ethiopia can also be challenging for investors because. Ethiopia is ranked 159 among 190 economies in the ease of doing business, according to the latest world bank annual ratings. Doing business in discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. Learn about doing business in ethiopia in our country commercial guide ccg. Speaking at the cca session on doing business in ethiopia, ambassador haslach stressed the importance of robust u. Some protections can be secured through registration of patents and trademarks with the ministry of trade and industry and the publication of cautionary notices in local newspapers in ethiopia. Individuals are also subject to higher income tax rate of 35%. Ambassador michael raynor officially opened a halfday panel discussion titled responsible business. By 2060, the number of middleclass africans, as defined by the bank, is expected to reach 1. Using an agent or distributor to conduct business effectively and participate in local tenders, it is advisable for uk companies to appoint local agents to represent their products in ethiopia.
Doing business in international trade administration. Regulations for the registration of patents and trademarks do not exist in ethiopia. Ethiopia is located in the northeastern part of africa, bordered by sudan. Holding companies are recognized in august 2016 for the first in ethiopia. The hawassa industrial park is nominated as an industrial zone specialized in garment industry. Us apparel pvh, which has brands like carvan krain and tommy hilfiger, and the following companies have decided to enter into the industrial zone.
Ethiopia is ranked 159 th out of 190 countries on doing business index in 2019. Ethiopia business travel ethiopia ecommerce ethiopia ecommerce describes how widely ecommerce is used, the primary sectors that sell through ecommerce, and how much productservice in each sector is sold through ecommerce versus brickandmortar retail. Relations with ethiopia united states department of. May 2020 biggest companies in ethiopia latest ethiopian news ethiopian business directory and product catalog. Nigeria, pakistan, the russian federation and the united states where. Doing business in africa international trade administration. Ethiopia smarter regulations for small and mediumsize enterprises. Please refer to the world banks doing business in ethiopia report link for. With its network of 108 offices across the united states and in more than 75 countries, the u. Top three export destinations 20 china, germany and united states mofed. Department of commerce utilizes its global presence and international marketing expertise to help u. In addition, the country has made 52 reforms over the last decade, bringing significant. Ethiopia ranks 111th out of 183 countries in the world banks ease of doing business report 2012.
1325 1401 1115 208 1380 1086 1189 203 297 804 1519 373 115 843 288 1052 729 989 738 20 919 82 808 246 1396 1070 930 939