Moving Foreword
Why is Ethiopia attracting foreign investors?
Ethiopia is working towards greater openness and democratic process. Since 2018, a number of measures have been taken which manifested in terms of reconciliation both domestically and peace abroad. The rapprochement with Eritrea on a border dispute that lasted for two decades is an asset for Ethiopia’s continued stability.
Among its115 million populations, more than 70% of them are under the age of 30 while 50% are under the age of 15.
The government policy of 70:30 in higher education which is training 70% of students in technology and science, and 30% in social science and humanities, helped to produce skilled manpower for the growing manufacturing sector in the country.
State-owned enterprises such as railway projects, sugar development plants, industrial parks, hotels, Ethiopian Airlines, Ethio-Telecom, electricity generation projects and the Ethiopian Shipping and Logistics Services Enterprise are on the pipeline to be partially and fully privatized.
Ethiopia is the gateway to the Middle East, Europe and Asia. In this regard, Ethiopian Airlines is playing a pivotal role connecting Africa with the rest of the world. The country is also the seat of the African Union and the United Nations Economic Commission for Africa in addition to the more than 100 foreign embassies.
