The ICE-Agency organizes the 16 October 2019 at its Rome office, via Liszt 21, a Business Forum dedicated to Ethiopia, which will see the participation of an important Ethiopian delegation, both institutional and entrepreneurial, with a focus on the following sectors:
- construction / infrastructure
- textile and leather processing machines
- agricultural and food processing machines
To join click here and fill in the registration form by 4 October 2019.
The initiative is aimed primarily at companies and other Italian economic operators interested in exploring investment opportunities in Ethiopia and in particular those offered by development plans supported both at state and international level.
Ethiopia is the country that has the highest growth rate among sub-Saharan African states that do not produce oil and the third highest is also considered the producing countries (IMF). A market of 90 millions of people with great potential for development in the agricultural, agro-industrial, textile, leather industry, energy sector and in the pharmaceutical sector.
In the economy and politics of sub-Saharan Africa and especially of the Horn of Africa, Ethiopia constitutes a real "bridge" between Africa, the Mediterranean and the Gulf countries. In the last decade, Ethiopia has recorded average annual GDP growth of around 10%, driven by public investments in agriculture and infrastructure. In particular, foreign direct investments increased by 27,6%, thanks to new industrial parks and privatization processes started in the country. The poverty rate has decreased from 44% in the 2000 to 23,5% in the 2015 / 16.
Relations between Italy and Ethiopia are excellent and based on maximum collaboration. Italy is the second largest trading partner in Europe and the ninth in the world. In the 2017-2018 two-year period, Italy provided aid to Ethiopia for 47 million euros for the development of local industry.
The main opportunities for Italian companies are present in the participation in international tenders, in the inclusion in contracts as a subcontractor, in the launch of industrial partnerships.