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The
AGOA
Advantage
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US Afrrican Growth & Opportunities Act (AGOA) brings with it many
useful benefits to US investors. More
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Investment
Opportunities
Trade
and Investment sectors that offer the greatest opportunities in
Ethiopia include:
Textile,
Leather and Garments:
Ethiopia's eligibility for AGOA benefits with duty free, quota free
garment imports to the United States, including garments finished
from fabrics made in an country, gives it a competitive advantage
over many other eligible African countries. This, coupled with the
existence of one of the fastest growing cotton productions offers
a unique opportunity to American investors in this sector.
Agriculture
and Agro-Business:
This is the backbone of the Ethiopian economy. Major needs include:
Developing and modernizing poultry, livestock and meat processing;
coffee, tea, cotton and fish processing.
Tourism
and Tourism Infrastructure:
This encompasses tourism businesses including hotel and resort projects.
Ethiopia is the only African country to combine both natural safari
attractions and ancient historical monuments and authentic evidence
as to the origin of mankind and human civilization.
Transport
and Communications:
Ethiopian Telecom is seeking strategic partners in order to enhance
technology and improve service. Opportunities for investments in
rail as well as commuter and agricultural air services are needed.
Mining
and Energy:
Ethiopia encourages investors in mining and energy. Particularly
promising sectors include: gold, tantalum, potash, soda ash, nickel,
platinum, hydropower and oil and natural gas.
Manufacturing:
Ethiopia's 66 million consumer base coupled with its strategic location
naturally widens it market for manufacturers and distributors who
use it as their hub. Sectors of greatest interest include favorable
light manufacturing such as: leather, shoes, textile/apparels, good
processing, electronics, glass and plastics, paper, building materials
and pharmaceuticals.
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