Presentation about Investment & Trade Opportunities in ... · to invest in Ethiopia and are making...
Transcript of Presentation about Investment & Trade Opportunities in ... · to invest in Ethiopia and are making...
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Presentation about Investment & Trade Opportunities
in Ethiopia
November 10/2014 Athens
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Partnership between old Friends
Ethiopia Greece
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Ethio-Greece Bilateral Relation
• Ethiopia and Greece have had long-standing, traditional friendly relations
• The first Greek missions to Ethiopia dates from 1917,with the establishment of the Greek Consulate ,which became Greek Embassy in 1935
• Immigrants from Greece have been present in Ethiopia in the service of the Emperor or nobility since at least the mid-18th century.
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• Ethiopia has an Embassy in Greece since 1951
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Greek population in Ethiopia
• Ethiopia and Greece have enjoyed good people to people relationship
• The Greek community in Ethiopia today numbers about 500 person ,mostly business people, many of whom come from mixed marriages
• The Greek community in Ethiopia is first attested by the presence of craftsmen and sailors in the 18th century(1740)
• The Greek community is located in the capital city Addis Ababa and the city of Dire Dawa
• Today there is Greek school located in the capital city as well as a Greek Orthodox Church (St.Froumendios) many of the students of the school continue their studies in Greece
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Ethiopia-Greece Business Relation
• In spite of Ethiopia and Greece have longstanding diplomatic relations, their relation in trade is low and the number of investors is also very small when compared with other European countries
• Although the two countries signed trade agreements in 1933,1955 and 1959,the volume of trade between them remains very low
• The total trade volume between the two countries between 2009 and 2013 was over 83.2 million USD
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• Ethiopia mainly exports items such as sesame, coffee, beans and roses while it imports from Greece aluminium and medicine
• However the trade relation between the two countries has shown an increase in 2013 with a growth rate of 34%
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• These days Greece investors are showing interest to invest in Ethiopia and are making pre investment visits either in a form of business delegation or privately
• In October 2013 a Greece business delegation had visited Ethiopia with companies such as Alpha Grissi Group, Alpha Innovations Sitic and M/C Agents Group
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ETHIOPIA AT A GLANCE
•Population ....……….. 94 million
•Area.....……….. 1.14 million km2
• Geographical Location…..Within 15o North of
the Equator, at cross roads between Africa, Asia
and the Middle East
Temperature ……..Mean annual average of 200c
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• Time Zone………GMT + 3 Hours
• Population ..…... Over 82 million
• Capital City …. Addis Ababa, seat of the
Federal Government,
AU, UNECA
• Rainy Seasons ….. Receives big rain during
June, July & August and small rain during February
& March
• Political System... Federal Democratic
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Republic
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Government Efforts Over The Last Two Decades
• Democratization & political stability
•Adoption of new constitution
•Establishment & development of autonomous
Regional States
•Good governance
•Formulation of correct policies & strategies
•Continuous economic reform programs
•Building institutions that support the private
6 sector development
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Government Efforts ….cont
Human resource development
Access to Primary Education
Higher Education
Technical & Vocational Education
Infrastructural Development Power
Road
7 Telecommunication
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Major Achievements
• Political stability
• Macro-Economic stability
• Rapid economic growth
• Increased investment
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• Poverty reduction
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Major Investment Opportunities
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•Arable land - about 51 million
hectares (45% of the total area
of the country), •Cultivated area- only about
20% of the available land
•Irrigable area- about 10 million
hectares of which only some 3% is irrigated
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1.1 Commercial Farming
I. Agriculture
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•Availability of big rivers and river
basins (10 major rivers) for:- - Commercial crops such as coffee,
tea, sugar cane, cotton, tobacco, palm,
rubber, rice, spices
- food crops such as cereals, pulses
and oil seeds
•10 lakes & underground water resource
•Annual rain fall 1,200-2,000 mm
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• 18 major agro-ecological zones and 49
agro-ecological sub zones
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Potential Areas of Farming No Type of
farming
Area (ha) Region
1 Maize 1,400,000 SNNP,
Oromiya,Amhara,Bensh
angul Gumuz,Gambella
and Somali
2 Rice 280,000 SNNP,Oromiya,
Amhara,Benshangul
Gumuz and Somali
3 Horticulture 763,300 SNNP,Oromiya,
Amhara & Dire Dawa
4 Coffee 426,000 SNNP,Oromiya,
Amhara and Gambella
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No Type of farming Area (ha) Region
5 Tea 150,000 SNNP, Oromiya,Amhara and
Gambella
6 Cotton 3,000,810 Tigray, SNNP,Oromiya,
Amhara,Benshangul Gumuz,
Gambella,Afar and Somali
7 Oil crops 1,601,323 Tigray, SNNP,Oromiya,
Amhara,Benshangul Gumuz,
Gambella,Afar and Somali
8 Pulse 3,274,469 Tigray, SNNP, Oromiya,
Amhara and Benshangul Gumuz,
9 Rubber 200,000 SNNP and Gambella
10 Palm oil 450,000 SNNP, Oromiya and Gambella
Total 11,545,902
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AGRICULTURE Cont…
* Food Crops : Wheat, maize, beans, peas,
lentils, soybeans, chick peas, pulses, etc
* Oil Crops : rapeseed, linseed, groundnuts,
sunflower, Niger seed and cotton seed
* Beverage Crops : Coffee and tea.
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AGRICULTURE Cont…
* Cotton : Over half a million hectares of
land
* Feed stocks for bio-diesel: Jatropha,
Castor oil
* Sugarcane, Rubber , palm tree ,
Tobacco plantations
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AGRICULTURE Cont…
Horticulture : Major horticultural crops including: citrus, banana, mango, papaya, avocado, guava, grapes, pineapple, passion fruit, apples, potatoes, cabbages, cauliflower, okra, egg plant, tomato, celery, cucumber, onion, asparagus, watermelon, sweet melon, carrots, green beans, strawberries, herbs.
Floriculture: Highland and Lowland world
class flowers and roses
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1.2)Livestock Farming
Population : No. 1 in Africa with:
43 million heads of cattle
31 million heads of sheep
27 million heads of goats
53 million poultry
2.3 million camels
19 7 million equines
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AGRICULTURE Cont…
Modern Commercial livestock breading and
animal fattening.
Production & processing of meat, milk and eggs.
Ostrich, civet cat and crocodile farm.
1.3 Apiculture -Ethiopia is a leading
producer of honey and
Beeswax in Africa
-About 10 million bee
colonies
-Over 800 honey source
plants
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II. MANUFACTURING
2.1. TEXTILE & GARMENTS/APPAREL
•Spinning, weaving and finishing of textile fabrics
•Production of garments
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2.2. LEATHER & LEATHER PRODUCTS
Cattle
Goats
Sheep
Hides
Goat
Skins
Sheep
Skins
Heavy
Leather
Light Leather
(Bovine)
Leather products:
Footwear/shoes
Hand bags
Gloves
Saddle & harness
Light Leather
(Sheep &Goat)
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Garments
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2.3.AGRO PROCESSING
Food and beverage products –
• Processing and preserving of meat products
• Processing and preserving of fruits and vegetables
• Integrated production and processing of dairy
products
• Processing and preserving of fish and fish products
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• Processing of crude and refined edible oil
• Production of flour and bakery products
including spaghetti ,macaroni, baby food
• Production of starch, starch products and cornflakes
• Processing of animal feeds
• Sugar production
• Brewing and wine making, bottling of mineral
water etc.
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2.4)Chemicals & Chemical products
• fertilizers, nitrogen compounds, caustic soda ,
magnesium chloride
• rubber, PVC granules from ethyl alcohol,
• Man made fibers
• Manufacture of caustic soda and chlorine-based
chemicals, carbon and activated carbon,
precipitated calcium carbonate,
• Production of soap and detergent
• Paints, varnishes,writing and painting inks
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2.5) Pharmaceuticals
• Manufacturing of inputs of basic pharmaceuticals products
2.6)Paper and paper products • Pulp, paper and paper packages
• Plastic and plastic products
• Plastic pipes or tubes
2.7) Building Materials • Manufacture of marble, granite, lime, gypsum,
limestone, roofing tiles, corrugated sheets, tubes, pipes and fittings.
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2.8)Plastic products
• High pressure pipes, pipe fittings, shower hoods
Wash basins
• insulating fittings, light fittings, office and school
supplies, fittings for furniture
2.9) Glass & ceramic • Tableware and sanitary ware, sheet glass and
containers
2.10 Metal and Engineering 27
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III. Construction - Infrastructure
Development • First grade construction contracting for:-
• General construction Grade One
• Building Construction Grade one
• Road Construction Grade one
• Specialized contractor Grade one
• Real Estate Development
• Water Well Drilling
• Miniral Exploration drilling Grade one
IV) Energy • Electricity generation from renewable
sources(hydrpower ,wind, solar, geothermal,biomass, bioethanol)
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V) Health and Education
• Building schools
• Science & technology Colleges (universities)
• Colleges for business & marketing
• ICT institutions
• Training centre for hospitality industry
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VI) Tourism • Huge potential in the tourism industry
• Unique historical, religious, cultural heritage,
magnificent scenery with rich flora and fauna makes
Ethiopia one of the few awe-inspiring tourist
destinations in Africa.
• Axum Obelisk –an ancient Ethiopian civilization and a
symbol of the Ethiopian people’s identity
• Lalibela –Known as the “8th wonder of the World” –a
legendary church curved from a solid rock.
• City of Gondar- Famous for its medieval castles and the
design and decoration of its churches
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•Ancient city of Harar – An Islamic city with
unique Muslim, architectural designs
which is one of UNESCO’s prestigious
world heritage sites.
•Mosque of Sheih Nur Hussein
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•Blue Nile falls
•Mosque of Mohammed Al
Negashi
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TOURISM (Cont…)
• Great Caves of Sof Omar
• Attractive archeological sites
• Exceptional climate with temperatures
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ranging from 100 to 250c
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• Seat of AU, ECA, and offices of other
multilateral and bilateral institutions
Investment Opportunities
• star designated hotels, lodges and resorts
• international and specialized restaurants
• tour operations grade one
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VI. Mining
Huge potential in the mining industry
• Precious and metallic minerals
• Industrial and construction minerals
• Energy minerals
• Extracting oil and natural gas 33
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Priority Areas
• Agro Processing
• Textile & Garment
• Leather and leather products
• Sugar and related industries
• Chemicals Industries
• Pharmaceuticals industries
• Metal and Engineering Industries
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Government support for priority areas
• Customs duty exemption
• Income tax holiday
• Provision of land at competitive lease prices
• Export incentives
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LABOR
• Abundant, trainable & industrious labor
force
•Young population - over 50%
• Labor cost in Ethiopia is cheap even
compared to African average
• Daily laborer …… $2/day
• Salaries of fresh university graduates….
$110/month – $200/month 36
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Investment Policy and Incentives
No restriction on the modality of participation
No discrimination between domestic
and foreign investors
Exemption from the payment of customs duty :
Duty free importation of capital goods
and construction materials
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Investment Policy and Incentives (Cont…)
•Duty free importation of spare parts whose value is not greater than 15% of the total
value of capital goods to be imported
•English is the medium of instruction in
secondary & higher education
•A number of international and community
schools are available
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Investment Policy and Incentives (Cont…)
Income tax exemption :
2 up to 7 years for manufacturing or agro-processing and agricultural investments
Carry forward of losses :
half of the tax holiday period
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Investment Policy and Incentives (Cont…)
Export Incentive Schemes
• Export Credit Guarantee scheme
• Duty Draw-Back scheme
• Voucher scheme
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Investment Policy and Incentives (Cont…)
• Bonded Manufacturing Warehouse
scheme
• Industrial Zones
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•Bonded Export Factory scheme
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Investment Policy and Incentives (Cont…)
INVESTMENT GUARANTEE & PROTECTION
Constitution and Investment Law protect
private property
• Repatriation of Capital and Profit
• Multilateral Investment Guarantee Agency
(MIGA)
• Bilateral Investment Promotion & Protection
Treaties (BIPPT) with more than 30 countries.
Some are: Italy, Germany, France, UK,
Sweden, Spain China, Austria, Netherlands, 42
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Investment Policy and Incentives (Cont…)
One-stop shop services Time frame
• Issuance of investment permit ……. 4 hours
•Principal commercial registration…. 4 hours
• Issuance of work permits…….….… 1 hour
• Issuance of business license ..…….. 4 hours
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Investment Policy and Incentives (Cont…)
One-stop shop services
• Technology transfer agreement
Time frame
registration …………………………….4 hours
• Issuance of certificate to foreign investors
to be considered as domestic investors.. 1 hour
• Pre-approval and post approval services to foreign
44 investors (facilitation & aftercare services)
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WHY INVEST IN ETHIOPIA? • Political and Social stability
•Correct policies & strategies
• Macro-economic stability
• Strategic location
• Simple investment procedures
• Abundant, cheap & trainable labor force
• Competitive investment incentives
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• Enormous investment opportunities
•Wide market opportunities
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Sources of Foreign Investment
projects
Others
3% Africa
12%
Asia
22%
North America
20%
Middle East
22%
Europe
26%
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Trade Opportunities • Export trade is growing steadily from year to year
in terms of variety, value and volume.
The major export items: all organic products
• Coffee- Coffee Arabica
• Oil seeds
• Pulses
• Spices
• Gold
• Flower
• Fruits and vegetables
• Live animals
• Meat and meat products
• Leather products
• Textile & Garment
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Ethiopia's Export destinations
• Europe
• Asia
• North America
• Middle east
• Africa
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Trend in Total Export
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Thank you!!