In partnership with Eastern African Association (EAA), NABA members are invited to join an investment mission to Ethiopia, from October 23rd-26th. The program includes a Nordic Conference organized by the Nordic Embassies in Addis Ababa, in addition to a joint NABA and EAA program with relevant stakeholders.
Background
Eastern Africa recorded the continent’s best economic performance in 2017 and, within that, Ethiopia stands out as the fastest growing country.
After a period of considerable political uncertainty, during which two states of emergency were declared, Ethiopia has now become much more stable following the election of a reform-minded new Prime Minister, Mr. Abiy Ahmed, in early April. Despite the political troubles, a serious drought in certain parts of the country and a continuing shortage of foreign exchange, the economy has still managed to grow at a rate of around 8% and current projections indicate this trend is likely to continue.
The timing of the Investment Mission therefore looks to be very opportune, at a point in the Ethiopia’s development when there is the real prospect of a greater private sector contribution to the economy and increased foreign investment within that.