The second most populous country in Africa – and the most populous landlocked country on earth – Ethiopia is one of the world’s fastest-growing economies.
The Ethiopian economy is currently undergoing extensive privatisation. However, the banking, transport and telecommunications sectors remain in state hands.
Over half of Ethiopia’s population is under 18 years of age and job creation is struggling to keep pace with population growth. There is much to commend Ethiopia to foreign investors, however – the country is relatively open to foreign trade, and infrastructure – especially the country’s rail network – is expanding rapidly.
In recent years, Ethiopia’s exports have diversified – coffee, formerly the country’s foremost export has been overtaken by oilseed. Coffee remains integral to the Ethiopian economy, however – around a quarter of the country’s workforce are employed in coffee cultivation. Other exports include live animals, leather, chemicals, gold, pulses, oilseeds, flowers, fruits and vegetables.
Ethiopia is a beautiful country and home one the world’s oldest civilisations – there is tremendous potential for growth in the tourist sector. Currently, tourism accounts for around 5.5% of national GDP.
HLB’s local team of professionals aims to help local and international clients reach their organisational objectives in Ethiopia.
Latest insights, case studies and news from across the network
HLB International Business webinar EPS 7. Investor opportunities: Navigating Africa's deals climate
Together with Orbitt, our HLB panellists will cover an outlook of Africa’s investment ecosystem, African trends in deal activity and M&A tax consideration for some of the key African jurisdictions.
US tax reform impacts inbound foreign companies
What are the implications of the US tax reform on inbound foreign companies?
The organisation of working hours: New labour regulations in Spain as of 12 May 2019
Spanish regulator issues new obligatory working time records law, which requires all employers to record the number of hours worked by each employee.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation