𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗘𝗦𝗚 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗶𝗻 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮: Ethiopia is undergoing major economic reforms, with 8.1% growth in 2023-24 and 𝟴.𝟰% 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰-𝟮𝟱, driven by initiatives like the 𝗛𝗼𝗺𝗲𝗴𝗿𝗼𝘄𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗥𝗲𝗳𝗼𝗿𝗺 𝟮.𝟬. The launch of the 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗶𝗻 𝟮𝟬𝟮𝟱 marks a key step in financial liberalization, alongside banking sector opening to foreign investment. Efforts to modernize sectors like digital finance and electric mobility are underway, though challenges like regional security issues, infrastructure gaps, and debt restructuring persist. 𝗜𝗠𝗙-𝗯𝗮𝗰𝗸𝗲𝗱 reforms aim to strengthen stability and attract investment. ESG integration among Ethiopian companies presents both significant potential and a strong promise of driving stakeholder action, positioning businesses as key contributors to sustainable development and resilience. The 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗕𝗮𝗻𝗸𝗲𝗿𝘀 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 (𝗘𝗕𝗔), with support from the IFC - International Finance Corporation, has introduced Sustainability Guidelines for Banks, a major milestone in advancing ESG principles Ethiopia. Additionally, the 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 (𝗘𝗦𝗫) has an opportunity to champion sustainable investment and deeper ESG integration by joining the United Nations Sustainable Stock Exchanges Initiative (SSE) Initiative. 𝗗𝗲𝘀𝗮𝗹𝗲𝗴𝗻 𝗗𝗲𝗷𝗲𝗻 of Addis Ababa Chamber of Commerce and Sectoral Associations emphasizes ESG's importance in driving sustainable growth in Ethiopia, highlighting how membership organizations foster responsible business practices among companies. #ESGinEthiopia #Sustainablegrowth #EthiopiaTransformation Ndungu Njeru Enock Nyachae Klaus Lehn Christensen Helina Tilahun Bethlehem Hailu
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Ethiopia's investment rules have undergone a transformation to boost the economy and draw in outside capital. Over time, reforms have impacted many facets of development. See below for a brief look into the evolution of Ethiopia's investment policies and the issues addressed across Ethiopia's investment landscape. To learn more about the legal frameworks mentioned and other Ethiopian investment guidelines, check out our ACE Data Hub (data.aceadvisors.org) resource for the most up-to-date information. And don't forget to join us for our ACE Fridays Game tomorrow at 4:00 PM. Nasreen M. Adem Dawit Ayele Haylemariam Jasiri4Africa Reqiq Data and Insights Samrawit Fikru MERI PODCAST Mastercard Eleni Gabre-Madhin Bayu Samuel National Bank of Ethiopia Nebiyou Yirga Wolde UNICEF Ethiopia Ethiopian Airlines Addis Fortune Visa Deshet Creatives and Marketing Zemedeneh Negatu Mirafe Gebriel Marcos Addis Ababa University Solomon Kassa Hanna Arayaselassie Ermias Eshetu Enat Bank Arifpay Shega Media Teddy Tassew GrowthAfrica #ADH #ACEInsights #data
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Join Us for Plenary 1.4: "Economic Resilience Amidst Turbulent Times" at the 27th Sustainable Development Conference! 🌐 Are you passionate about shaping a #resilient, #inclusive, and sustainable #economy for #Pakistan? This is your chance to be part of an important dialogue that will influence our nation’s economic landscape. 🔍 What to Expect: ◾ Insightful Economic Analysis: Discover the latest economic indicators, including the #IMF’s projections of GDP growth at 2.4% for FY24 and 3.2% for FY25. Gain insights into how recent reforms are paving the way for a brighter economic future! ◾ Reform Strategies Unveiled: Dive into the FY25 budget measures aimed at expanding the tax base, enhancing compliance, and driving essential sector reforms, particularly in agriculture and real estate. Let’s discuss how we can transform challenges into opportunities! ◾ Commitment to Climate Resilience: Learn about Pakistan's ambitious efforts in building climate-resilient infrastructure and sustainable investments that are crucial for our growth and stability in the face of climate change. 📅 Date: Monday, 4th November 2024 🕠 Time: 5:30 PM – 7:00 PM 📍 Venue: Hall 223, Pakistan-China Friendship Center, Islamabad ✨ Join #policymakers and #experts as we collaborate to outline a resilient path forward. This is a great opportunity to network with fellow attendees and engage with expert stakeholders for better innovative ideas. Let’s come together to build economic resilience for a #sustainable future! #SDC27 #EconomicResilience 🌍 #PakistanEconomy 📉 #SustainableDevelopment 🌱 #ClimateAction #InclusiveGrowth #SDPI #CPSE #SDC2024
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Relate these indices with the living standards in these economies or to the GDP per capita. It might as well interest you to know that not a single sub-Saharan francophone country is ranked in the first 10 by GDP. Both reinforce the much still to be done on the path to stable economic prosperity and sustainability. The much which can begin in an individual capacity by interest, via looking up on the above raised items with consideration for the root causes and sustainable solutions to be proffered, and which could culminate in shared prosperity for all. . . All in-plane tenets of The Future Reconciliation, Responsible Citizenry, Good Governance and, Sustainable Solutions @IAJInitiative #Africa
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Join Us for Plenary 1.4: "Economic Resilience Amidst Turbulent Times" at the 27th Sustainable Development Conference! 🌐 Are you passionate about shaping a #resilient, #inclusive, and #sustainable #economy for #Pakistan? This is your chance to be part of an important dialogue that will influence our nation’s economic landscape. 🔍 What to Expect: ◾ Insightful Economic Analysis: Discover the latest economic indicators, including the #IMF’s projections of GDP growth at 2.4% for FY24 and 3.2% for FY25. Gain insights into how recent reforms are paving the way for a brighter economic future! ◾ Reform Strategies Unveiled: Dive into the FY25 budget measures aimed at expanding the tax base, enhancing compliance, and driving essential sector reforms, particularly in agriculture and real estate. Let’s discuss how we can transform challenges into opportunities! ◾ Commitment to Climate Resilience: Learn about Pakistan's ambitious efforts in building climate-resilient infrastructure and sustainable investments that are crucial for our growth and stability in the face of climate change. 📅 Date: Monday, 4th November 2024 🕠 Time: 5:30 PM – 7:00 PM 📍 Venue: Hall 223, Pakistan-China Friendship Center, Islamabad ✨ Join #policymakers and #experts as we collaborate to outline a resilient path forward. This is a great opportunity to network with fellow attendees and engage with expert stakeholders for better innovative ideas. Let’s come together to build economic resilience for a #sustainable future! #SDC27 #EconomicResilience 🌍 #PakistanEconomy 📉 #SustainableDevelopment 🌱 #ClimateAction #InclusiveGrowth #SDPI #CPSE #SDC2024
Join Us for Plenary 1.4: "Economic Resilience Amidst Turbulent Times" at the 27th Sustainable Development Conference! 🌐 Are you passionate about shaping a #resilient, #inclusive, and sustainable #economy for #Pakistan? This is your chance to be part of an important dialogue that will influence our nation’s economic landscape. 🔍 What to Expect: ◾ Insightful Economic Analysis: Discover the latest economic indicators, including the #IMF’s projections of GDP growth at 2.4% for FY24 and 3.2% for FY25. Gain insights into how recent reforms are paving the way for a brighter economic future! ◾ Reform Strategies Unveiled: Dive into the FY25 budget measures aimed at expanding the tax base, enhancing compliance, and driving essential sector reforms, particularly in agriculture and real estate. Let’s discuss how we can transform challenges into opportunities! ◾ Commitment to Climate Resilience: Learn about Pakistan's ambitious efforts in building climate-resilient infrastructure and sustainable investments that are crucial for our growth and stability in the face of climate change. 📅 Date: Monday, 4th November 2024 🕠 Time: 5:30 PM – 7:00 PM 📍 Venue: Hall 223, Pakistan-China Friendship Center, Islamabad ✨ Join #policymakers and #experts as we collaborate to outline a resilient path forward. This is a great opportunity to network with fellow attendees and engage with expert stakeholders for better innovative ideas. Let’s come together to build economic resilience for a #sustainable future! #SDC27 #EconomicResilience 🌍 #PakistanEconomy 📉 #SustainableDevelopment 🌱 #ClimateAction #InclusiveGrowth #SDPI #CPSE #SDC2024
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Is Africa on the Brink of an Economic Revolution, or Are We Being Fooled by the Numbers? Can Africa's Explosive GDP Growth Outshine the Global Giants, or Is This Just a Flash in the Pan? Will Africa’s Rapid Rise Propel It to Global Leadership, or Are ESG Challenges the Inevitable Roadblock? When we look at the 2024 real GDP growth projections, Africa is making waves. Niger tops the list with a staggering 10.4% growth, trailed by Senegal at 8.3% and Libya at 7.8%. The message is clear: Africa is not just rising; it's sprinting! By 2026, Sub-Saharan Africa is expected to become the world's second-fastest-growing economic region, right behind the ASEAN-5. But beneath the surface, what does this growth truly mean? 🌾 Agriculture: A Double-Edged Sword Take Niger, where agriculture accounts for 40% of the GDP. Yes, this sector is fueling impressive growth, but let’s not kid ourselves—this dependency makes Niger’s economy as fragile as it is fast-growing. A disruption in the agricultural market, whether due to climate change or supply chain issues, could have devastating effects. 💸 Is This Real Growth or a Temporary Boom? Numbers can be deceiving. While these figures suggest a booming continent, we must question the sustainability. Is this growth backed by solid, diversified economic strategies, or are we witnessing a short-lived surge that could fizzle out as quickly as it appeared? 🌱 ESG: The Hidden Challenge The global pivot towards Environmental, Social, and Governance (ESG) standards is no joke. As Africa’s economies accelerate, they face a critical test—can they align with these global ESG standards, or will they be left behind? The long-term viability of this growth hinges on how well African nations integrate ESG into their core strategies. Without it, today’s rapid rise could become tomorrow’s missed opportunity. So, what’s the verdict? Is Africa finally seizing its moment to lead the global economic race, or are we all about to witness a spectacular crash? The clock is ticking, and the world is watching. Let’s ignite the debate. 🗣️👇 #AfricaRising #GlobalEconomy #Sustainability #ESG #GDPGrowth #Agriculture #Leadership #EconomicDevelopment #AfricaVsTheWorld
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#InvestInEthiopia #EconomicGrowth #FutureLeaders #GlobalOpportunities #Ethiopia2075 Invest today, lead tomorrow. #InvestInEthiopia #FutureEconomy #GlobalOpportunities
Global financial leader Goldman Sachs projects Ethiopia to be the 17th largest economy globally by #2075, with a #GDP of $6.2 trillion! Be part of Ethiopia’s journey to economic greatness. Invest today to lead tomorrow. For more information and support on investing in #Ethiopia, visit our website or contact us directly. Let’s shape the future together! Invest today, lead tomorrow. Check out the Ethiopian Investment Commission (EIC) 🌐Visit our Website https://lnkd.in/exRDh5RP 📱X(Twitter) https://lnkd.in/eZUZ8nm4 📱 Facebook https://lnkd.in/edEtXnX2 #InvestInEthiopia #EconomicGrowth #FutureLeaders #GlobalOpportunities #Ethiopia2075 #FutureEconomy
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Unlocking Business Potential in Ethiopia: Insights for Foreign Investors Ethiopia, one of Africa’s fastest-growing economies, presents immense opportunities for foreign businesses. With a population of over 120 million, a growing middle class, and increasing urbanization, Ethiopia is a key market for companies looking to expand in East Africa. Here are a few key insights for those looking to invest: Market Opportunities: Agriculture & Agribusiness: Ethiopia is known for its vast agricultural resources, offering opportunities in food processing, export of coffee, and agritech innovations. Infrastructure Development: Our country is undergoing significant infrastructure projects, including roads, railways, and energy sectors, providing investment prospects. Manufacturing & Textiles: With a push to become a manufacturing hub, Ethiopia offers low-cost labor and incentives for foreign investors in textiles and apparel. Emerging Trends: Digital Transformation: A surge in mobile and internet usage creates demand for tech-related services, e-commerce, and fintech solutions. Sustainable Development: With the global focus on sustainability, Ethiopia is attracting green energy, eco-friendly products, and sustainable development projects. Regulatory Changes: Foreign Investment Law: Recent reforms have made it easier for foreign companies to own and operate in Ethiopia. There are also investment incentives for specific sectors. Ethiopian Trade Agreement: Ethiopia’s inclusion in the African Continental Free Trade Area (AfCFTA) boosts access to markets across Africa. While there are opportunities, understanding the local business environment, navigating regulatory changes, and working with trusted local partners is key to success. At Moon Solutions, we help foreign businesses successfully enter and thrive in the Ethiopian market. Feel free to reach out for expert advice on how we can help you make the most of these opportunities. #Ethiopia Business #Investment Opportunities #Market Trends #Ethiopian Economy #Business Growth
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Thoughts on Ethiopia’s Emerging Capital Markets As Ethiopia embarks on creating a capital market, there’s both optimism and genuine curiosity about the challenges ahead. One of the primary concerns is whether Ethiopia’s regulatory and institutional frameworks are ready to support a stable and transparent market. Effective regulation will be crucial to build investor trust and ensure accountability. The technological infrastructure is another critical area. For the market to function smoothly, trading platforms and clearing systems must be reliable and secure. Early issues in technology or system integrity could impact investor confidence. Investor education is also essential. With limited financial market experience among the public, encouraging broad participation might be challenging. Financial literacy and awareness initiatives could play a key role in market growth and sustainability. Economic factors such as currency instability and inflation are other major considerations. These could discourage both local and foreign investment if not managed carefully, as they introduce additional risks into an already new market. Political stability remains a concern as well. Ethiopia’s recent history of political and security challenges means that sustained market growth will depend on stable governance and consistent economic policies. Finally, building a culture of corporate governance and transparency is critical. Companies need to meet high standards for disclosure, which will require both commitment and possibly a shift in corporate practices. These are important questions as Ethiopia enters this new phase. While the potential is huge, careful planning will be key to making it a success. #ECMA #EthiopianCapitalMarketsAuthority #CapitalMarkets #ESX
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Yesterday was invited to #Ethio_China High-Level #Business_Forum at the #Ethiopian Embassy in #Beijing, and it was both #informative and #engaging . The forum showcased Ethiopia’s economic growth, driven by a series of ambitious reforms aimed at enhancing its global competitiveness. From liberalising #foreign_exchange policies to addressing inflation and strengthening the #financial sector, #Ethiopia is making significant strides to create an investor-friendly environment. Particularly exciting were the discussions around investment opportunities in sectors such as #mining , #energy , #tourism , and #healthcare. The healthcare sector, in particular, holds great promise, with the Ethiopian government prioritising improvements in infrastructure and aligning with the #Sustainable_Development_Goals (SDGs). As the demand for quality medical services continues to rise, foreign investors can play a crucial role in modernising the country’s healthcare offerings. We had the pleasure of engaging in fruitful discussions with Ethiopian officials. We’ve reached important agreements that will further strengthen #collaboration between #Ethiopia and #BRICS nations, particularly in areas related to #supply_chain_management and investment facilitation. The synergies between BRICS BRIDGE and Ethiopia offer immense potential for growth, especially as both parties continue to explore innovative financial solutions for sustainable development. The forum was a powerful reminder of Ethiopia’s openness to global partnerships and its commitment to creating a robust, sustainable economy. It’s definitely a country worth watching for future investment opportunities!
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Uganda has an ambitious goal to increase its GDP ten-fold by 2040. Shifting from an economy based on agriculture to a more industrial and service-based one will be integral to this. This transformative strategy will focus on tourism, agro-industrialisation, minerals and innovation, while addressing skills gaps and infrastructure. Read our latest blog to learn more: https://lnkd.in/eEtaHsP8
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ESG/Sustainability Professional | Regulatory Compliance | Risk Assessment |
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